The government has recently announced the launch of a ground-breaking digital platform called 'Bhaskar', designed to strengthen the startup ecosystem in India. This initiative is part of the Startup India programme, led by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry.
Key Features of BHASKAR
- Bharat Startup Knowledge Access Registry (BHASKAR)
The platform, formally known as the Bharat Startup Knowledge Access Registry (BHASKAR), aims to centralize, streamline, and enhance collaboration among critical stakeholders, including:- Startups
- Service providers
- Investors
- Mentors
- Government bodies
- Seamless Collaboration
BHASKAR will act as a one-stop digital platform to address challenges faced by entrepreneurs and investors. It will provide:- Centralized access to resources and tools
- Facilitated interaction through personalized BHASKAR IDs
- Enhanced searchability and discovery of opportunities and partnerships
- Global Vision
The Ministry stated, “This initiative aligns with the Government of India’s vision to transform India into a global leader in innovation and entrepreneurship, reinforcing the country’s commitment to the startup movement.”
Current State of India’s Startup Ecosystem
India is home to over 1,46,000 DPIIT-recognised startups, and BHASKAR seeks to leverage this vast potential. By offering personalized identification for each stakeholder, the platform will:
- Improve interaction between stakeholders
- Facilitate networking and collaboration
- Provide a centralized hub for resources and knowledge sharing
Objectives of BHASKAR
- World’s Largest Startup Registry
The primary goal is to create the world's largest digital registry of stakeholders, fueling India’s startup ecosystem. Key features include:- Networking and collaboration across the entrepreneurial ecosystem
- Centralized access to resources for startups
- Enhanced discoverability of investment and partnership opportunities
- Supporting India's global branding in innovation and entrepreneurship
- Accelerating Growth
The launch of BHASKAR marks a significant step forward in promoting innovation, entrepreneurship, and job creation. By acting as a central hub, the platform invites all stakeholders—startups, investors, service providers, and government bodies—to collaborate, exchange ideas, and accelerate growth.