IIT-Madras Develops Intelligence Platform On Govt Funding Schemes For Start-Ups

Chennai, Oct 26 (KNN) The Indian Institute of Technology Madras (IIT Madras) researchers have developed an Intelligence Platform on Government Funding Schemes for Start-ups’ to provide a boost to the sector.

Developed and implemented in partnership with YNOS, an IIT Madras-incubated start-up, the government funding platform for startups 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 Professor Thillai Rajan, Principal Investigator of CREST, and the faculty of the 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 various state governments. There are more than 100 different schemes by different agencies.

Launching the portal, Amitabh Kant, India’s G20 Sherpa said, “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,” Kant said. 

(KNN Bureau)