The Securities and Exchange Board of India (SEBI) is taking steps to make it easier for startup founders to list their firms on the stock exchange. It recently announced it would set up a panel to review the Institutional Trading Platform (ITP) framework. To make it effective, the Bombay Stock Exchange is launching a startup panel under its SME segment.

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“To provide further incentives to the companies which are “Startups”, the Exchange is announcing a “BSE Startup Platform” enabled on BSE SME Segment,” the stock exchange said in a circular, Economic Times reported.

The startup platform will go live on July 9 for everyone to start enlisting their companies.

“We want more job creation and innovation to come into the startup ecosystem and this coming from the stock exchange is a great initiative. It will make sure that financial empowerment reaches all parts of the country from the fintech perspective,” – Aparna Saraogi

The major focus of the platform is to cover tech firms like IT, ITES, Bio-technology and Life Science, 3D Printing, Space technology, E-Commerce, Hi-Tech Defense, Drones, Nano Technologies, Artificial Intelligence, Big data, Enhance/Virtual Reality, E-gaming, Exoskeleton, Robotics, Holographic Technology, Genetic Engineering, Variable Computers Inside body computer technology and any other  company dealing with modern technology.

Aparna Saraogi, founder of WEE, spoke to SheThePeople.TV and said that it is a great initiative. “We want more job creation and innovation to come into the startup ecosystem and this coming from the stock exchange is a great initiative. It will make sure that financial empowerment reaches all parts of the country from the fintech perspective.”

“From the technology perspective like AI, quantum computing etc. these are the technologies that can lead us to beat the other developing nations and make us go ahead of the curve. So a welcoming move from the BSE will definitely bring in a rise to this area as well.”

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