Innovators growth platform is a significant step in giving fillip to the start-up companies in India. Explain (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 4 years
KEY POINTS
· The Innovators Growth Platform (IGP) platform proposed by SEBI is a very refreshing initiative that aims to address the ‘capital’ issue.
· It addresses a key pain-point of capital availability for start-ups raising between Rs 70 crore and Rs 200 crore. The IGP has the potential to be the platform to enhance the availability of venture capital fund.
· The governance issues are well-balanced—protecting investor interests but at the same time providing enough flexibility for the founders to have control over strategy and execution.
· The IGP as a platform has the promise to increase Indian capital availability and has the added advantage of enabling exits for early-stage investors.
· This increases liquidity in the market that will further spur the start-up ecosystem a much-needed virtuous cycle.
· The NASDAQ encouraged and enabled technology start-ups to list because of its adaptability and easier listing and governance guidelines.
· The IGP has the potential to be that platform in India. India can build products for the world and has the potential to become the start-up capital.
· The IGP certainly has the promise to address the capital and liquidity aspects. Most importantly, it enables Indian start-ups to Stay-In-India.
