IAS Gyan

Daily News Analysis

MAARG PORTAL

24th November, 2022 Economy

 

Disclaimer: Copyright infringement not intended.

 

Context

  • The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has launched a call for startup applications for registration on the MAARG portal, the National Mentorship Platform by Startup India.

 

Start-Ups in India

  • The Indian start-up ecosystem, is currently ranked third largest globally. Startup India is focused on catalyzing the start-up culture and building a strong and inclusive ecosystem for innovation and entrepreneurship in India.
  • In this context, the MAARG portal - Mentorship, Advisory, Assistance, Resilience, and Growth, is a one-stop platform to facilitate mentorship for start-ups across diverse sectors, functions, stages, geographies, and backgrounds.

 

MAARG Portal by Startup India

  • Aiming to strengthen the startup ecosystem in the country, the Department for Promotion of Industry and Internal Trade (DPIIT) launched the MAARG portal, the National Mentorship Platform by Startup India.
  • The MAARG Portal by Startup India is a one-stop mentorship platform to facilitate mentorship for startups across diverse sectors, functions, stages, geographies, and backgrounds. Startups can connect with academicians, industry experts, successful founders, seasoned investors, and others to get personalized advice on growth strategy, seek clarity, and get practical advice.

Objectives of MAARG Portal by Startup India

  • To provide guidance and support to startups throughout their lifecycle.
  • To establish a formalized and structured platform that facilitates intelligent matchmaking between mentors and startups across varied sectors at a scale.
  • To establish an outcome-oriented mechanism that allows tracking of progress of the mentor-startup engagements.

 

The benefit of the MAARG Portal by Startup India

  • With this single platform, the startup can get a Mentorship, Advisory, Assistance, Resilience, and Growth portal.
  • The portal is enabled to send multiple mentorship requests to several mentors at the same time.

 

Key Functions of the MAARG Program

The key function of the MAARG Program is listed as follows:

  • AI engine to match relevant mentors and startups.
  • Track mentor and startup interactions to deliver impact.
  • Enable video calls and communication via the platform.
  • Mobile-friendly interface for ease of use.
  • Recognition and benefits of mentor contribution.
  • Facilitate ecosystem enablers to host custom programs.
  • Provide feedback, query, and grievance mechanism.

 

A Mentor through MAARG Portal

  • All DPIIT-recognized startups, from all sectors and stages of the startup lifecycle, are eligible to apply for mentorship on the platform all year-round.

 

Eligible Startup

  • All DPIIT-recognized startups, from all sectors and stages of the startup lifecycle, are eligible to apply for mentorship on the platform all year-round.

Read: https://www.iasgyan.in/daily-current-affairs/start-ups-in-india

 

 https://pib.gov.in/PressReleasePage.aspx?PRID=1878239