India plans to host SAARC Start-up meet

India plans to host SAARC Start-up meet

Posted by P. Charitha on June 21st 2017

During the launching session of the Start-up India Hub portal Commerce and Industry Minister, Mrs. Nirmala Sitharaman revealed the plan to organize a meet of start-ups of the South Asian region for exchange of new ideas and promoting interaction among them. She is said to have sought views of Indian startups to hold this programme.
"I will be working towards having a SAARC (South Asian Association for Regional Cooperation) country meet for startups. There are so many complementarities among us in the South Asian region," she said while launching the  Start-up India hub portal. She said the event can act as a platform for exchanging ideas, which can be mutually beneficial and can be worked out. She asked startups to give ideas about the people who can be invited for the meet.
If the ministry would get feedback and suggestions in the next couple of months, by December the meet can happen, in which SAARC country start-ups can come to India and share ideas.
(SAARC members are Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka.)
Further, to promote the start-up ecosystem in the country, she also plans to write to all the Members of Parliament to help budding entrepreneurs. Citing an example, the minister said she used her MP Local Area Development Scheme (MPLADS) fund to create a co- working space for start-ups in Mangalore.Read . "I will write to all the MPs...(particularly) in districts where people are approaching their MPs saying can we have some space and where there is a demand of start-ups," she added.
The ministry is also planning to work in certain districts to identify schools and help them qualify to get Tinkering labs under the Atal Innovation Mission.
The 'Startup India Virtual Hub' is an online platform for all stakeholders to discover, connect and engage with each other. The minister said it is a part of an effort to create a marketplace where all the stakeholders can interact, exchange knowledge, and enable each other to grow. It will streamline the life cycle of existing and potential start-ups, helping them access the right resources at right time. The portal will host start-ups, investors, funds, mentors, academia, incubators, accelerators, corporate, government bodies and more.
The Hub attempts to solve the problem of information asymmetry and lack of access to knowledge, tools, experts, especially in the nascent ecosystems across Tier II and III towns. It would also facilitate learning & development, networking, mentorship and funding for start-ups. Through this hub , the government further aims to connect start-ups with each other in the remotest parts of the country, as well, by creating a collaborative platform. For more  features about the Start-up Hub read:


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