India and Portugal launch International StartUp Hub

Indian PM Narendra Modi launched the India-Portugal International StartUp Hub to strengthen the ties between the two countries.

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Prime Minister Narendra Modi and his Portuguese counterpart Antonio Costa launched the India-Portugal International Startup Hub (IPISH) last Saturday. The platform, initiated by Startup India and supported by the Commerce & Industry Ministry and Startup Portugal, is meant to strengthen and foster the relationship between the startup ecosystem of the two countries.

“Start-up sphere is an interesting space for cooperation. It is a great means to generate value and wealth for society,” Modi said to Press Trust of India (PTI). 

IPISH is a platform developed for all stakeholders of the startup ecosystem and that includes “startups, investors, mentors, incubators, accelerators, aspiring entrepreneurs, service providers and government bodies,” according to the hub’s official website.

“It not only provides an opportunity to connect with other members of the ecosystem but also gives access to important resources such as its learning and development programme, information about relevant government schemes, a forum to brainstorm and discuss, news and blogs among others,” the website said.

IPISH will help in mutual capacity building and also enable connections between the members of the startup sphere. The initiative is also expected to establish a “network of honorary ambassadors based in India and Portugal to guide start-ups from both countries.”

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