The platform also provides contact information and social media links for the relevant systems. In this way, entrepreneurs get more information. Scientists from the Indian Madras Institute of Technology (Iit Madras) Statement Companies and venture capital funding (Crest) researchers have developed a notification platform for government funding schemes for start-ups (intelligence platform for government funding schemes). Start-ups) to boost the start-up sector
According to a press release from IIT Madras, the government funding platform, developed and implemented in collaboration with YNOS, an IIT Madras-based start up, brings together the entire spectrum of start-up plans from government to private.
At the threshold of the country. An entrepreneur it was developed based on years of research and expertise led by CREST Principal Investigator Professor Thillai Rajan and a team led by the Department of Management Studies, IIT Madras. The portal helps entrepreneurs get an idea of the country's startup finance world. The product combines information from different state administration systems, central public sector companies and also from different state governments. Different agencies have over 100 different systems. The platform was launched by India's G20 sherpa Amitabh Kant, IIT Madras said.
"An entrepreneur can familiarize himself with all government projects in one place with one click of the mouse. In addition, the platform also offers detailed analysis, such as startups that have benefited from the system, average financial investments received, age of the startup at the time of receiving funding, number of founders in the company. Launch and aging. While receiving financial support from the founders," said Amitabh Kant, India's G20 Sherpa.
"The Information Forum on Government Funding for Startups contains comprehensive information on programs from more than 100 different ministries and departments. Nearly 10,000 startups have benefited from these systems. Many government startups go through rigorous screening and due diligence. Visible exposure of government startups also helps attract the attention of private sector investors, such as angels and venture capital firms, for later funding. Combining data from all government systems is very effective in communicating the overall impact of these systems, andquot; he added.
