{"id":129642,"date":"2023-02-11T18:09:03","date_gmt":"2023-02-11T12:39:03","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=129642"},"modified":"2023-02-11T18:09:06","modified_gmt":"2023-02-11T12:39:06","slug":"startup-setu","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/startup-setu\/","title":{"rendered":"Startup SETU: UPSC Daily Important Topic | 11 February 2023"},"content":{"rendered":"\n<p><strong>Startup SETU<\/strong><\/p>\n\n\n\n<p>\u2705SETU or Supporting Entrepreneurs in Transformation and Upskilling is an Indian government initiative under Ministry of Commerce &amp; Industry.<\/p>\n\n\n\n<p>\u2705The initiative would connect start-ups in India to US-based investors and start-up ecosystem leaders with mentorship and assistance in various areas including funding, market access and commercialization.<\/p>\n\n\n\n<p>\u2705Significance:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To break the geographical barriers between US mentors willing to invest in entrepreneurship and sunrise startups in India.<\/li>\n\n\n\n<li>The interaction will be supported through the mentorship portal under the Startup India initiative MAARG, or the Mentorship, Advisory, Assistance, Resilience, and Growth program, which is a single-stop solution finder for startups in India.<\/li>\n\n\n\n<li>The portal has been developed with the idea to be accessible from every corner of the country to connect with a mentor.<\/li>\n<\/ul>\n\n\n\n<p>\u2705Need:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is estimated that about 90% of the start-ups and more than half of the well-funded startups fail in their early days. Lack of experience in handling the business is a key issue, and founders require the right guidance for taking a decision and moral support.<\/li>\n\n\n\n<li>As India becomes a leading start-up destination, the proper guidance at the right time is paramount.<\/li>\n\n\n\n<li>Further, the Government of India invites stalwarts, seasoned experts, and industry leaders to give back to the nation by adding value to a startup\u2019s journey.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Startup SETU \u2705SETU or Supporting Entrepreneurs in Transformation and Upskilling is an Indian government initiative under Ministry of Commerce &amp; Industry. \u2705The initiative would connect start-ups in India to US-based investors and start-up ecosystem leaders with mentorship and assistance in various areas including funding, market access and commercialization. \u2705Significance: \u2705Need:<\/p>\n","protected":false},"author":894,"featured_media":129643,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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