With an intent to act as a fecilitator in the startup space, BSE, Asia’s oldest exchange, launched BSE Startups on Saturday. As part of the launch, the leading bourse has signed an agreement with Cornerstone Ventures Investment Advisers and Venture Catalysts.
The strategic collaboration with the two firms will enable BSE to further incentivise the startup in sectors like IT and IT-enabled services, biotechnology and life sciences, 3D printing, space technology and e-commerce. It will also help in listing of firms from hi-tech defence, drones, nano-technologies, artificial intelligence, big data, virtual reality, e-gaming, robotics, genetic engineering, amongst other sectors, the exchange said in a release.
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Ashishkumar Chauhan, MD and CEO, BSE, while commenting on the launch of BSE Startups, said,
“BSE is the origin of capitalism in India. The exchange group has helped India create wealth of more than $2 trillion. In future, tech entrepreneurs will require less capital but will be able to create tremendous wealth. Indian youngsters need to get involved in creating more startups and raise funds from other Indians using BSE Startups platform.”
The future belongs to startups and BSE Startups segment, he added.
Subhash Desai, Minister of Industries and Mining, Government of Maharashtra, was the chief guest at the event. And it was also attended by Harish Mehta, Founding President, Tie Up Mumbai, and Executive Chairman, Onward Technologies, Atul Nishar, President, TIE Mumbai, Founder and Chairman, Hexaware Technologies and Ajay Thakur, Head, BSE SME.
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BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.
BSE also has a dedicated platform for trading in equities of small and medium enterprises that has been highly successful. The exchange also has a unique and dedicated mutual fund distribution platform called BSE StAR MF.
On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (one kg) and silver (30 kg).
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