SharePoint BCS : There are no addresses available for this application

While activating a feature in the project which was using external content types, i received the following error:
There are no addresses available for this application.

In Central Administration clicking on Business Data Connectivity shows the given error
Application Management- Manage Application Services- Business Data Connectivity

In System Settings- Manage Services on Server, I found that Business Data Connectivity Service was stopped.
Starting the service and performing IISREST resolved the problem.
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