PM Modi Launches India-Portugal International Startup Hub

PM Modi Launches India-Portugal International Startup Hub

SUMMARY

India-Portugal Startup Hub Aims To Strengthen & Foster Connection Between The Two Startup Ecosystems

PM Modi, during his recent visit to Portugal, launched the India-Portugal International Startup Hub along with his Portuguese PM Antonio Costa.

The launch was announced during PM Modi’s three-nation tour to Portugal, US, and the Netherlands.

“Startup sphere is an interesting space for cooperation. It is a great means to generate value and wealth for society,” PM Modi said in a tweet.

India Portugal International Startup Hub

The India-Portugal International Startup Hub (IPISH) platform has been developed to strengthen and foster the connection between the startup ecosystem of the two countries. The platform can be accessed via the web and Android and iOS apps.

The platform will help startups and enablers connect with the Indian and Portuguese startup ecosystem and will help in learning and development, networking, mentorship, and funding for startups. It provides several tools and information on the startup hotspots of Bengaluru, Delhi and Lisbon. It also gives data on associated subjects, including – government initiatives, policy, tax system, and visa process. Furthermore, it will develop a Go-To-Market Guide to support startups.

As mentioned on the PM Modi official website, “IPISH is expected to help in mutual capacity building, and enable connections between startups, investors, and incubators from relevant sectors. It is also expected to establish a network of honorary ambassadors based in India and Portugal to guide startups from both countries.”.

Portugal has one of the highest rates of business creation in Europe and has emerged as one of the most vibrant European ecosystems for entrepreneurship. The Portuguese startup ecosystem will have access to transparent and concise information that helps both founders and investors to understand the Indian ecosystem.

While, Indian startups and investors pursuing an international strategy can benefit from IPISH through a successful soft landing in Portugal, as a starting point for European expansion.

Besides, the launch of the IPISH, 11 bilateral agreements were also signed between PM Modi and Portuguese Prime Minister Antonio Costa. These included outer space, double taxation avoidance, nanotechnology, improving cultural ties, youth and sports, higher education, scientific research, and setting up of an Indian Chamber of Commerce in the Portugal.

The startup hub has been initiated by Startup India and supported by the Commerce & Industry Ministry and Startup Portugal. It has also partnered with various organisations to onboard various entrepreneurs and investors.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

PM Modi Launches India-Portugal International Startup Hub-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

PM Modi Launches India-Portugal International Startup Hub-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

PM Modi Launches India-Portugal International Startup Hub-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

PM Modi Launches India-Portugal International Startup Hub-Inc42 Media
PM Modi Launches India-Portugal International Startup Hub-Inc42 Media
You’re in Good company