BHASKAR: Platform For India’s Startup Ecosystem

BHASKAR: Platform For India’s Startup Ecosystem

Bharat Startup Knowledge Access Registry (BHASKAR) The Bharat Startup Knowledge Access Registry (BHASKAR) is a new platform launched by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Startup India program. This initiative aims to enhance collaboration, foster innovation, and streamline interactions within India's thriving startup ecosystem.

---

Key Objectives of BHASKAR:

• Centralized Platform: BHASKAR is designed to centralize and streamline interactions among various stakeholders in the startup ecosystem, including startups, investors, mentors, service providers, and government bodies.
• Digital Registry: The platform will serve as the world’s largest digital registry for startup stakeholders, providing easy access to a wealth of resources and opportunities for collaboration.
• Personalized Engagement: Each stakeholder will be assigned a BHASKAR ID, facilitating personalized and efficient engagement across the platform.

---

Benefits and Features:

• Collaboration and Networking: BHASKAR will enable better networking opportunities and collaboration among the over 1,46,000 DPIIT-recognized startups in India. This will help facilitate knowledge exchange and partnerships that can drive innovation and business growth.
• Access to Resources: Stakeholders will gain seamless access to valuable resources, including funding opportunities, mentorship programs, and government schemes, making it easier to navigate the startup ecosystem.
• Innovation and Job Creation: The platform aims to drive innovation and job creation, boosting the overall growth of India’s startup ecosystem. This aligns with the broader goal of turning India into a global leader in entrepreneurship.

---

Current Scenario of India’s Startup Ecosystem:

• Global Ranking: India ranks 3rd globally in terms of its startup ecosystem, a testament to the country's growing influence in the global entrepreneurial landscape.
• Surge in Startups: From approximately 7,000 startups in 2014, the number has increased to over 80,000 in 2023, reflecting significant growth and development.
• Unicorns and Decacorns: India has also witnessed the rise of over 100 unicorns (startups valued at over $1 billion) and a few decacorns (startups valued at over $10 billion), highlighting the maturity and success of the startup ecosystem.

---

Key Takeaways
The BHASKAR platform is a transformative step towards enhancing collaboration and fostering growth within India's startup ecosystem. By centralizing resources and providing a personalized engagement model, BHASKAR is set to become a key tool in nurturing India's entrepreneurial spirit and achieving the vision of becoming a global leader in innovation and entrepreneurship. The platform is poised to empower startups, investors, and other stakeholders to work together more efficiently, creating new opportunities for economic growth, job creation, and global competitiveness.

Mind Sprint