IIT Madras Develops ‘Intelligence Platform On Government Funding Schemes For Start-Ups’

Indian Institute of Technology (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. Developed and implemented in partnership with YNOS, an IIT Madras-incubated start-up, the government funding platform for start-ups brings together the entire spectrum of start-up schemes from the government to the doorsteps of the entrepreneur.

The platform has been developed based on several years of research and data collected by a team led by Prof Thillai Rajan, Principal Investigator of CREST and faculty, Department of Management Studies, IIT Madras.

The portal will help entrepreneurs to 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.

The platform also gives the contact details and the social media links of the respective schemes. This enables 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 simple click.

The Government of India launched the Start-up India initiative in 2016. This has been a very unique initiative, which has no parallels in independent India. There has been no other major policy intervention that has had such a level of policy convergence and contribution from multiple departments and ministries. Such strong policy support has resulted in India becoming one of the largest start-up ecosystems globally. No other country in the Global South has achieved such a distinction.