BHASKAR initiative (of Ministry of Commerce and Industry) is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders within entrepreneurial ecosystem, including startups, investors, etc.

• Its primary goal is to build world’s largest digital registry for stakeholders within startup ecosystem.
• It is under Startup India program, which aims to build a strong ecosystem for nurturing innovation and encouraging investments.

Key Features of BHASKAR 

• Networking: It will bridge gap between startups and other stakeholders, allowing for seamless interaction across sectors.
• Centralized Access to Resources: By providing startups immediate access to critical tools and knowledge, it will enable faster decision-making and more efficient scaling.
• Creating Personalized Identification: Every stakeholder will be assigned unique BHASKAR ID, ensuring personalized interactions and tailored experiences across platform.
• Enhancing Discoverability: Through powerful search features, users can easily locate relevant resources, collaborators, and opportunities, ensuring faster decision-making and action.
• Supporting India’s Global Brand: It will promote India’s global reputation as a hub for innovation, making cross-border collaborations more accessible to startups and investors alike.

India’ Startup Ecosystem

• India has 3rd largest startup ecosystem in world and has over 1,46,000 DPIIT-recognized startups.
• Department for Promotion of Industry and Internal Trade (DPIIT) recognize business as a startup.