BHASKAR Portal: India New Digital Hub for Startup Ecosystem

Introduction and Objectives o  BHASKAR

• Union Minister Piyush Goyal launched the Bharat Startup Knowledge Access Registry (BHASKAR) portal.
• BHASKAR, meaning 'Rising Sun', is a digital platform under the 'Startup India' program.
• The platform aims to unify and empower India's rapidly growing startup ecosystem.
• It serves as a one-stop solution for collaboration, knowledge sharing, and innovation.
• BHASKAR is designed to challenge incubators, policymakers, and other key startup ecosystem stakeholders.
• The platform will integrate dreamers, doers, and disruptors in the startup community.

Key Features and Value Propositions

• Industry Alliances: Brings together stakeholders from different sectors for cross-collaboration.
• Dynamic Networking: Enables easy connection and collaboration through personalized dashboards.
• Enhanced Visibility: Offers profile cards for discovery across the startup ecosystem.
• Personalized Identification: Provides a unique BHASKAR ID for each user, tied to their profile.
• Comprehensive Resource Access: Acts as a central repository for business planning tools and expert guidance.
• Cross-Border Collaboration: Elevates India's profile as a global innovation hub.
• Policy Access: Connects startups and investors with policymakers.
• Data Sharing: Facilitates exchange of information and resources among stakeholders.

Impact and Future Prospects

• BHASKAR aims to be the largest digital registry of the startup ecosystem globally.
• It will cater to over 1.4 lakh DPIIT-recognized startups as of August 2024.
• The platform is expected to catalyze growth and success in the startup ecosystem across India and beyond.
• It will particularly benefit startups in tier-2 and tier-3 cities, ensuring inclusive innovation.
• The government aims to make the ecosystem socialized, democratic, and visible to the world.
• BHASKAR is seen as a tool to build 'Brand India' and market products and services globally.
• Future plans include the release of BHASKAR 2.0 with enhanced features and technology.
• The platform aligns with Prime Minister Narendra Modi's vision of shaping policies for the future.