Through this platform, the researchers are hoping to help entrepreneurs get a comprehensive understanding of the government funding landscape for start-ups.
The Indian Institute of Technology Madras (IIT Madras) researchers at Centre for Research on Start-ups and Risk Financing (CREST) have developed an ‘Intelligence Platform on Government Funding Schemes for Start-ups’ to boost the start-up sector.
This platform has been developed and implemented in partnership with YNOS, an IIT Madras-incubated start-up. This platform will provide the contact details and the social media links of the respective schemes, enabling the entrepreneurs to get more information about the scheme if they are interested. The entrepreneur can also download a detailed report on each and every scheme through a click.
Through this platform, the researchers are hoping to help entrepreneurs get a comprehensive understanding of the government funding landscape for start-ups. The product integrates information on the various central government schemes, central public sector companies, and also that of various state governments. There are more than 100 different schemes by different agencies.
“At the click of a mouse, the entrepreneur can get to know about all the government schemes in a single location. Furthermore, the platform also provides detailed analytics such as the start-ups that have benefitted from the scheme, average financial investment received, age of the start-up at the time of getting funded, number of founders in the start-up and the age of founders at the time of getting financial support,” Amitabh Kant, India’s G20 Sherpa said while launching the platform.
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