Union Minister Piyush Goyal, Ministry of Commerce and Industry (MOCI)
unveiled a new database for India’s startup ecosystem, named Bharat Startup Ecosystem
Registry, a website, and logo of ‘Startup Mahakumbh’ during the curtain raiser event of the first-ever ‘Startup Mahakumbh’.
· The registry will act as a single platform
database for startups, investors, incubators, and other stakeholders in India’s
startup ecosystem.
· The event was organised by the Department for
Promotion of Industry and Internal Trade (DPIIT), under MOCI.
Startup Mahakumbh:
i.The first-ever ‘Startup Mahakumbh’ is to
be held from March 18-20, 2024 at Bharat Mandapam in Pragati Maidan, New
Delhi, Delhi.
ii.It is envisioned to make the Indian startup
ecosystem stronger to have global dominance and foster entrepreneurship among
Indian youth.
iii.It aims to combine all stakeholders of the
startup ecosystem to showcase entrepreneurship, technology, and innovation.
iv.The theme of the Startup Mahakumbh is ‘Bharat Innovates,’ which underscores the intricate link
between innovation and startups.
v.It will mark the beginning of an annual event
that provides a platform to showcase the success and innovation of the startup
ecosystem of India since 2016.
Note:
i.The Government of India launched the “Startup
India” initiative in 2016 to build a stronger ecosystem for nurturing
innovation and entrepreneurship.
ii.The integration of India with the startup
sector will move India’s economy during “Amrit Kaal” (the 25 years leading
to 100 years of Independence) and make it “Viksit Bharat” by 2047.
Organisers:
Startup Mahakumbh is jointly being organised by the:
· Associated Chambers of Commerce and Industry
of India (ASSOCHAM);
· National Association of Software and Service
Companies (NASSCOM);
· Bootstrap Incubation & Advisory
Foundation;
· The IndUS Entrepreneurs (TiE); and
· Indian Venture and Alternate Capital
Association (IVCA).
