Piyush Goyal launched MAARG portal for startup mentorship

Tags: Economy/Finance National News

Commerce and industry minister Piyush Goyal launched the MAARG platform (Mentorship, Advisory, Assistance, Resilience, and Growth) on 16 January.

An overview of the news

• The portal would facilitate mentorship between startups and entrepreneurs across sectors, stages, and functions.

• It will allow startups to connect with mentors and discuss their mentorship needs.

• Startups can connect with academics, industry experts, successful founders, seasoned investors and others to receive personalised mentorship, clarity and practical advice on growth strategy.

Objectives of the MAARG Portal

• To provide guidance and support to startups throughout their life cycle.

• To establish a formal and structured platform that facilitates matchmaking between mentors and startups at large across diverse sectors.

• Establishing a result-oriented mechanism that allows tracking of the progress of the mentor-startup engagement.

Key Functions of MAARG Portal

• Tracking mentor and startup interactions to deliver impact.

• Enabling video calls and communication through the platform.

• Mobile friendly interface for ease of use.

• Communicate recognition and benefits of mentor contributions.

• Facilitate ecosystem supporters to host friendly events.

• Providing feedback, query and complaint mechanism.