Investor Information and Analytics Platform

28.02.2024

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Why in the news?

Recently, the Union Minister of State for Electronics and IT, Skill Development and Entrepreneurship launched the ‘Investor Information and Analytics Platform.’

About the Investor Information and Analytics Platform:

• It acts as a one-stop shop for startups to seamlessly access Venture Capitalists (VCs) and investor networks, Govt schemes and several other components of the startup landscape for all stakeholders.
• By integrating information at different levels, the platform is also a one-stop shop for entrepreneurs to search for information on government agencies, incubators, investors, VCs and banks that invest in startups.
• This platform has been developed by the Researchers at the Centre for Research on Start-ups and Risk Financing (CREST) of IIT Madras.
• It will significantly help startup founders, entrepreneurs and Young Indians who intend to build their own devices, services and platforms for India and for the world.
• An important feature of this unique platform is “StartupGPT” which is an AI-based conversational platform whose function is to help ease information access for those who are navigating exhaustive data.
• A user will be able to ask queries in simple language to access the information they seek in real time.
• For the sustainability of the platform, full access will be provided at a very nominal cost so that maximum entrepreneurs can benefit from this resource.

                                       Source: PIB