Modi launches India-Portugal International StartUp Hub

Lisbon June 24 (IANS) Prime Minister Narendra Modi and his Portugese counterpart Antonio Costa on Saturday launched the India-Portugal International StartUp Hub (IPISH) here to help in mutual capacity building and enable connections between start-ups investors and incubators from relevant sectors.

According to an External Affairs Ministry statement this is a platform initiated by Startup India and supported by Commerce and Industry Ministry and Startup Portugal to create a mutually supportive entrepreneurial partnership.

IPISH is expected to help in mutual capacity building and enable connections between start-ups investors and incubators from relevant sectors. It is also expected to establish a network of honorary ambassadors based in India and Portugal to guide start-ups from both countries it said.

The ministry also said that IPISH hosts a range of tools and will provide information on the start-up hotspots of Bengaluru Delhi and Lisbon; and on associated subjects such as policy taxation and visa options. It will develop a Go-To-Market Guide to support start-ups.

--IANS
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