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Govt. launches MAARG portal for startup mentorship

-By ArdorComm News Network

The MAARG platform (Mentorship, Advisory, Assistance, Resilience, and Growth) was established by Commerce and Industry Minister Piyush Goyal to promote mentorship between startups and entrepreneurs across industries, stages, and functions.

Startups will be able to interact with mentors and discuss their mentorship requirements throughout the portal’s matchmaking phase. Additionally, the minister will announce the National Startup Awards 2022 winners. A cash prize of Rs 5 lakh will be presented to each of the winning startups. A cash prize of Rs 15 lakh will also be given to one exceptional incubator and one accelerator, respectively.

The winning and finalist startups will benefit from the support provided for their business growth, mentorship, funding, partnerships, and market access opportunities, the ministry stated. This will further enable them to serve as an example for other entrepreneurs.

The National Startup Awards 2022 invited applications from 17 sectors, 50 sub-sectors, and 7 special categories. These industries included Agriculture, Animal Husbandry, Construction, Drinking Water, Education & Skill Development, Energy, Enterprise Technology, Environment, Fintech, Food Processing, Health & Wellness, Media and Entertainment, Industry 4.0, Security, Space, Transport and Travel.

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