Union Minister of State for Electronics and IT, Skill Development and Entrepreneurship, and Jal Shakti, Shri Rajeev Chandrasekhar, launched the ‘Investor Information and Analytics Platform’ developed by IIT Madras.
Purpose
The platform serves as a comprehensive resource for startups, providing access to venture capitalists, investors networks, government schemes, and other elements of the startup landscape.
Development
Developed by researchers at the Centre for Research on Start-ups and Risk Financing (CREST) of IIT Madras, the platform aims to assist startup founders, entrepreneurs, and young Indians in building devices, services, and platforms for India and beyond.
Features
- Integration of Information: The platform integrates information on government agencies, incubators, investors, venture capitalists, and banks investing in startups.
- StartupGPT: An AI-based conversational platform designed to facilitate easy access to information for users navigating extensive data.
Benefits
- Provides access to a vast database including over 200,000 startups, 11,000 angel investors, 5,000 venture capitalists, 1000 incubators, 100 government agencies funding startups, and 550 supportive banks.
- Offers real-time information access through a user-friendly interface.
- Sustainability ensured through nominal cost access.
Technical Partnership
IIT Madras partnered with YNOS Venture Engine, an incubatee startup of the institute, to develop the platform. The collaboration combines the strengths of the private sector with academic expertise to ensure platform availability and relevance.
Accessibility
The platform can be accessed at www.ynos.in.
Role in Driving Innovation
- Prof. Thillai Rajan A, Head of CREST, emphasizes the platform’s role in democratizing access to information and capital, accelerating the commercialization of innovation.
- Recognizes the platform’s contribution to India’s innovation-driven economy and the empowerment of young entrepreneurs.
Acknowledgment
- Prof. Thillai Rajan A acknowledges the support of IIT Madras and the Government of India, highlighting the significance of academic institutions contributing to national causes.
Multiple Choice Questions (MCQs):
- Who launched the ‘Investor Information and Analytics Platform’?
- A) Prime Minister Narendra Modi
- B) Union Minister Shri Rajeev Chandrasekhar
- C) IIT Madras Director
- D) CEO of YNOS Venture Engine
- Answer: B) Union Minister Shri Rajeev Chandrasekhar
- What is the purpose of the platform launched by IIT Madras?
- A) To provide access to free educational resources
- B) To facilitate communication between government agencies
- C) To serve as a resource for startups seeking investment and support
- D) To promote international collaboration in research
- Answer: C) To serve as a resource for startups seeking investment and support
- What is the special feature of the platform called “StartupGPT”?
- A) An online marketplace for startup products
- B) A tool for legal consultation
- C) An AI-based conversational platform for easy information access
- D) A virtual reality simulation for startup pitching
- Answer: C) An AI-based conversational platform for easy information access