President inaugurates SIDBI Startup Mitra platform

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President Pranab Mukherjee today unveiled an online start-up ecosystem platform -- SIDBI Startup Mitra -- developed by the state-owned funding institution as part of its efforts to scale up initiatives targeted at entrepreneurship development.
The launch of the platform is in line with the objective of the government in forging innovation-led growth through various measures, including start-up action plan and Atal Innovation Mission, Mukherjee said.
The platform will enable entrepreneurs in the start-up community to get connected with various stakeholders, namely incubators, angel investors, venture capital funds and the like, SIDBI said in a statement.
As part of Festival of Innovations being held at Rashtrapati Bhavan, the Small Industries Development Bank of India (SIDBI) organised a roundtable discussion on 'Financing Innovations' with leaders of banking and financial sectors.

Several suggestions to strengthen financing and other aspects relating to innovation ecosystem were discussed.
These included greater participation by banks in financing innovation and creating policy at board level, enhancing domestic pool of capital for start-ups, establishment of the National Innovation Promotion Board.