TO THE NEW has bagged a deal to become the technology partner of the government’s Startup India Hub, beating biggies such as TCS, EY and KPMG. TO THE NEW is building a mobile application and web portal for Startup India Hub that will function as a marketplace to connect startups with possible investors. Startup India Hub portal will be a single point of contact for the entire ecosystem and enable knowledge exchange and access to funding. Additionally, it will enable interaction and collaboration among various stakeholders in the dynamic startup ecosystem.
The marketplace would be made in collaboration with Adobe experience manager and AWS cloud services and the application would be available on Android and iOS platforms.
There is a team of 40-members including engineers, UI and mobile app developers, and security experts who would execute this project.
The Startup India Action plan was launched by honorable Prime Minister Narendra Modi in January 2016 to engage with key stakeholders through email and a toll free number.
However, startups are not much excited about Startup India Hub portal as it’s similar to other platforms such as Mumbai Angel and Angel Ventures.
“New platforms like these will not give any additional advantages. Also most of the legal procedures have to be done offline, so I don’t see this offering any such value,” said Antony Kattukaran, founder of Chennai-based Tagalys.
Amitabh Saran, CEO at Bengaluru-based Altigreen Propulsion Lab, too, said the new platform may not make a difference.
TO THE NEW is working on shortcomings of the current model to ensure that the new format is fully interactive and makes a difference. The app will be a one-stop platform for all startups and VCs to interact in a dynamic environment.