IIT Madras Introduces ‘Investor Information & Analytics Platform’ for Startups

Union Minister Rajeev Chandrasekhar and Prof. Thillai Rajan A of IIT Madras inaugurated the ‘Investor Information and Analytics Platform,’ developed by CREST. This platform serves as a centralized hub for startups to access investors, government schemes, and other crucial components of the startup ecosystem.

Significance and Features:

• Holistic Resource Hub: The platform offers access to Venture Capitalists, investor networks, government schemes, and more, addressing a significant gap in understanding the startup innovation ecosystem.
• AI-Powered Navigation: Utilizing AI for easy navigation, the platform ensures seamless access to information for entrepreneurs.
• Research and Development: Developed by researchers at CREST, the platform provides a comprehensive repository for entrepreneurs, aiding in the development of devices, services, and platforms for India and beyond.
• Government Collaboration: Supported by the Government of India and IIT Madras, the platform exemplifies the convergence of academic research expertise and national initiatives.

Quotes and Acknowledgments:

• Rajeev Chandrasekhar: Appreciated the platform’s role in enhancing visibility and understanding of India’s startup ecosystem, emphasizing its importance for researchers and policymakers.
• Prof. Thillai Rajan A: Highlighted the platform’s contribution to democratizing access to information and capital, benefiting young entrepreneurs and fostering innovation-driven economy.
• Gratitude: Acknowledged the support of IIT Madras, the Government of India, and the Institute of Eminence Scheme for making the platform a reality.

Unique Feature:

• Startup GPT: An AI-based conversational platform enabling users to submit queries in simple language and receive real-time responses, enhancing user experience and accessibility.

Data Overview:

• Comprehensive Information: Provides details on over 2,00,000 startups, 11,000 angel investors, 5,000 VCs, 1,000 incubators, 100 government agencies, and 550 banks supporting startup initiatives.

Private Sector Collaboration:

• YNOS Venture Engine: Collaborated with IIT Madras to develop the platform, leveraging private sector expertise for its creation.