Indian Prime Minister Narendra Modi (left) shakes hands with his Portuguese counterpart Antonio Costa at the Necessidades Palace in Lisbon, Portugal, yesterday.
Lisbon: Prime Minister Narendra Modi and his Portugese counterpart Antonio Costa yesterday 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 said.
" It is also expected to establish a network of honorary ambassadors based in India and Portugal to guide start-ups from both countries," it added.
The ministry also said that the 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.
