START-UP INDIA BOOSTING ENTREPRENEURSHIP

Any time is a good time to start a company

“Follow your dreams, money will follow”, “Rise and do the grind”, and more. Motivating start-up quotes are everywhere. They scream from status updates, coffee mugs to Instagram feeds. They are powerful lines and they should be, because everyone wants to feel excited about what they are doing and creating. Millennials have been told and taught that if you are working hard, it will deliver results. And leaving your job to follow your own dream through a startup is a seductive idea. 

Although 90% of startups fail, what exactly draws today’s talent to the startup light? And how can you navigate your success when you finally get there?

The reasons that attract the masses towards startups are the varied learning scope, a good job title and lack of rigid process, may be. However, it is a double-edged sword. Imagine last month your biggest decision was cheese burst pizza or rajma chawal (always RC) and now an entire company expects you to take decision regarding novel ideas like a seasoned CTO. Your designation and responsibilities are as varied from recruiting, business development, operations, finance, marketing and what not. That’s what the magical world of startup carries. 

As magical and divine it is, it can act as the backbone for an economy. That’s why numerous nations are trying everything they can to support these dreams of the young ones. India, is not far behind.

The government of India launched the startup India campaign to solve the problem of India’s younger generation who despite being talented and skilled are dependent on various types of jobs and remain under-employed. The joint initiative by Ministry of HRD and Department of science to set-up 75 startup hubs in IITs, NITs and NIPERs was the first step. In the past 5 years, many schemes and plans have been launched to increase the country’s index of ‘Ease of doing businesses.’ 

Why now though? To be honest, the startup-friendly environment in India should have been created a decade ago but better late than never. It can bring huge changes in a country like India because its demographic dividend is conducive to startups with high potential. India being the youngest nation in the world and its huge overall population supports the creative thinking required and a large market for sellers. 

But let’s just get to the ground and see. Are we doing enough? Despite the support and initiatives by the government, startups are still facing many problems. The major challenges being the parameters of the ‘Ease of doing business’ set up by the government, corruption and lack of skilled labor. These are the issues that a startup has to fight after it is conceived, but there are bigger problems. As you know, you can’t create something out of nothing, even startups have the same issue. The difficulty any startup has to face to access credit, kills it before it can be given a chance. Despite the commitment, banks are reluctant to invest in anything that is not foolproof. If we come back to the issue of lack of skilled labor in India, the National Skill Development Corporation (NSDC) has been mandated to skill 150 million Indians by 2022. You can understand the dire need of training our ‘huge young workforce’ requires. 

Failures are not always met with encouraging advice in most cases. People are generally sensitive when it comes to risks and rewards and the Indian economy which is highly price sensitive, worsens the situation. The right kind of mentorship is not available. Required mentorship and skill enhancement may not be accessible in all the cases. So, even when someone has the potential to start something and may be that idea is revolutionary, however, if that doesn’t meet the right guidance to turn into a successful business then, that idea remains irrelevant. The diverse and huge demographics makes it really hard to capture the consumer’s mindset in the Indian Market. Literally after every 50 km, one can find change in taste, traditions, and consumer habits. Even if a firm is able to capture consumers, it cannot cater to all of their varied needs. Most startups fall short in figuring out strategies and eventually, shut down. Location is another hurdle. Location depends on investment activities. Startup India has also formed a relationship with TravTech Ventures, a nonprofit educational organization that is establishing a platform for collaborative innovation between American, Israeli, and Indian students to launch start-ups.

Let’s not get negative. In the last 3 years, there has been increase in startups in many varied areas like retail, food delivery, e-commerce, consulting, commerce, medical services, fitness among others. On an average, 900 startups are born every year. They are evolving in terms of product capabilities, networking, taking calculated risks venturing into new spaces.

Delhi NCR and Bangalore have the highest number of startups because of economic activities in both cities. Cities like Chandigarh, Jaipur, Chennai, Jodhpur are witnessing increasing startup activities. Startups like Zo rooms are conceived in small cities like Jodhpur. Southern states like Kerala, Karnataka, Telangana and Andhra Pradesh have shown results in terms of their policy implementations for supporting startups. Schemes like ‘Kerala IT Mission’, ‘T-Hub’ by Telangana, ‘Initial Innovation Fund’ by Andhra Pradesh, ‘Startup Oasis’ by Rajasthan have all helped these Tier-2 cities in developing the ecosystem required for a startup. 

Investors like “Soft Bank”, with its headquarters in Japan is considered as the backbone for the foreign investment that is flowing into India for startups specifically. It has already invested close to US$ 2 billion into Indian startups. It’s not just Soft Bank who felt the upcoming wave of startups in India. Companies like Google also are providing launch pads for the Indian startups that are worth investing. Oracle has announced the launch of 9 incubation centers in Chennai, Bangalore, Mumbai, Hyderabad, Gurgaon, Noida, Pune, Trivandrum and Vijayawada. 

At the end of the day, startups have their own rewards and challenges one should know about before entering the arena. However, there are numerous ways to learn, grow, and give back to the company where work doesn’t feel like work. Even I wouldn’t take a single day break. Would you?

WRITTEN BY : ANIKET

This Post Has 97 Comments

  1. Manshi Sinha

    Knowledgeable good content

  2. Sanya

    Very informative 🤍

  3. Mahendra Kumar Thakur

    Very good informative🤩🤩🤩

  4. Prachi jain

    Follow your dreams, money will follow”, “Rise and do the grind”, and more. Motivating start-up quotes are everywhere.

  5. Preeti verma

    At the end of the day, startups have their own rewards and challenges one should know about before entering the arena.

  6. Rahul gupta

    It has already invested close to US$ 2 billion into Indian startups. It’s not just Soft Bank who felt the upcoming wave of startups in India.

  7. Bhavna

    Even if a firm is able to capture consumers, it cannot cater to all of their varied needs. Most startups fall short in figuring out strategies and eventually, shut down.

  8. Kavya sharma

    Startup India has also formed a relationship with TravTech Ventures, a nonprofit educational organization that is establishing a platform for collaborative innovation between American, Israeli, and Indian students to launch start-ups.

  9. Naira verma

    Delhi NCR and Bangalore have the highest number of startups because of economic activities in both cities.

  10. Tanisha

    Knowledgeable content though it become difficult to make your startup a big industry but it’s not impossible

  11. Tanisha

    Delhi NCR and Metropolitan cities have the highest number of startup as due to high infrastructure and economic activities startups are very important to meet the increasing demands of employment and it also absorb a huge number of unemployed people

  12. Tanisha

    Very informative blog very well written startups plays a very important role in increasing the GDP of the country.

  13. Tanisha

    Startups ,plays a very important role for employment GDP growth and economy.

  14. Tanisha

    there are many shortcomings in starting a Startup but we can take an example of many startup that is proved to be successful even during the lockdown that make the use of high tech Technology

  15. Tanisha

    Sometimes it happens in most of the case that you have the right idea but that may not be the right time but at least we should give a start.
    success is not always waiting sometimes we have to find it

  16. Ritu kumari

    This is good content 🔥🔥🔥🔥🔥

  17. Satish Kumar

    Very informative post

  18. Devendra Kumar Thakur

    This is so informative post✌️✌️✌️✌️

  19. Rajnish Kumar

    This is so good content 💯💯💯💯

  20. Aadarsh pandit

    Very amazing post👍👍

  21. Bhavna

    Startups ,plays a very important role for employment GDP growth and economy.

  22. Bhavna nema

    Very amazing post
    Thanks for sharing

  23. Ruhi

    Nice post…

  24. Ansh

    Very knowledgeable content
    Thanks for sharing

  25. Swati

    This is so amazing content

  26. Ruhi jain

    Very informative post
    Thanks for sharing

  27. Nikita

    Startup are said to be the future of the world. One of the feature of startup is how it encourages a simple idea to refine itself into a big company.

  28. Gautam Verma

    Ah, I needed to read this article! I am still researching on this topic and learned a lot through this.

  29. Nishita Rana

    Startups encourage entrepreneurs. And now a days everyone wants to be their own boss.

  30. Disha Singh

    Well researched article on this one! Everyone needs to know why the charm of startup is rising.

  31. Mehak Sharma

    Most of the startups lack initial investment in their business. But now with the support of government’s policy, they can easily get financial support.

  32. Sameer Rajput

    One must know basics of each department like finance, business development, HR, operations and all in order to be an entrepreneur.

  33. Ayushi

    So inspiring 🤩

  34. Jatin Sharma

    Now days startups are very important 👍☺️

  35. Sonam jain

    So knowledgeable 😁

  36. Vishu verma

    So informative ☺️👍

  37. Isha Gupta

    Great post 👍

  38. Ansh tyagi

    Very good content 😊

  39. Shivika

    Nice content shared by Unnati, Thankyou

  40. Dakshita

    Very Informative, Thankyou for sharing

  41. Sheetal

    This is a great article 👏👍Thankyou for sharing

  42. Yuvika

    Thanks for sharing such information

  43. gauri

    this is a good article 👏👌👍great work Unnati

  44. Dinkal kumar

    Well said that Startups are growing very much in India and this is beneficial for growth.

  45. Dinkal kumar

    During this pandemic ,lots of people lots thier jobs and want to open thier own business.

  46. Dinkal kumar

    Being a entrepreneur is very tough but when you achieve that you earn much profit.

  47. Dinkal kumar

    Good content for new startups and helpfull for all of us

  48. Dinkal kumar

    Very knowledgeable blog keep sharing and awaring peoples through this network.

  49. Charmain

    Howdy! This post could not be written any better! Reading this post reminds
    me of my good old room mate! He always kept talking about this.
    I will forward this write-up to him. Pretty sure he will have a good read.
    Thank you for sharing!

  50. g-spot vibrator

    Thanks for sharing, this is a fantastic blog article.Thanks Again. Will read on…

  51. browse this site

    I truly appreciate this blog.Really looking forward to read more. Want more.

  52. best CBD oil UK

    Thanks a lot for the blog.Really looking forward to read more. Want more.

  53. KiaGuind

    [url=http://tadalafillowprice.com/]cialis 80 mg[/url]

  54. MarkGuind

    [url=https://pharmacyomni.com/]top mail order pharmacies[/url] [url=https://buysildenafilpills.com/]sildenafil 20 mg online pharmacy[/url] [url=https://viagraoft.com/]viagra online in usa[/url] [url=https://oxlpharm.com/]hydroxychloroquine sulfate 200mg tablet[/url] [url=https://doviagra.com/]how much is viagra over the counter[/url] [url=https://rxremi.com/]augmentin canadian pharmacy[/url] [url=https://buyrpills.com/]doxycycline antibiotic[/url]

  55. KiaGuind

    [url=http://viagraconn.com/]cost of viagra in usa[/url]

  56. JudyGuind

    [url=http://viagrasm.com/]viagra 100mg online in canada[/url] [url=http://xrpills.com/]buy accutane online uk[/url] [url=http://viagraxbuy.com/]brand viagra for sale[/url] [url=http://viagrafmed.com/]sildenafil 20 mg discount coupon[/url] [url=http://tadalafilworx.com/]tadalafil canada[/url] [url=http://opivermectin.com/]ivermectin 50[/url] [url=http://ordertadalafilpills.com/]buying cialis online safe[/url] [url=http://eccpharm.com/]prednisone brand name us[/url] [url=http://startpills.com/]can i buy lisinopril over the counter[/url] [url=http://unocialis.com/]generic tadalafil tablets[/url]

  57. CarlGuind

    [url=http://vdphealth.com/]lasix drug price[/url] [url=http://fasttadalafil.com/]cialis low price[/url] [url=http://buysildenafilpills.com/]buy sildenafil from india[/url] [url=http://incrhealth.com/]disulfiram in india[/url] [url=http://rxremi.com/]augmentin 875 over the counter[/url]

  58. MarkGuind

    [url=https://oxlpharm.com/]cost of plaquenil uk[/url] [url=https://ivermectinp.com/]ivermectin uk[/url] [url=https://ordertadalafilpills.com/]cialis soft tabs uk[/url] [url=https://cheapestsildenafil.com/]sildenafil 20 mg over the counter[/url]

  59. Ufabet

    Very informative post. Great.

  60. LisaGuind

    [url=https://cialisgenericnow.com/]cialis online nz[/url]

  61. JasonGuind

    [url=http://sildenafileasy.com/]buy cheap sildenafil[/url] [url=http://anycialis.com/]tadalafil 20 mg price comparison[/url] [url=http://crmeds.com/]buy cheap fluoxetine online[/url] [url=http://onlinemediorder.com/]buy modafinil uk fast delivery[/url] [url=http://buyrxtablets.com/]buy clomid online 50mg canada[/url] [url=http://tadalafilxt.com/]canadian tadalafil online[/url] [url=http://anviagra.com/]where can you get viagra pills[/url] [url=http://medptr.com/]purchase levitra online no prescription[/url] [url=http://sildenafilmedicine.com/]viagra 20 mg daily[/url] [url=http://cialisstep.com/]how to order cialis from india[/url]

  62. AmyGuind

    [url=http://medicinecialis.com/]tadalafil 5mg price[/url]

  63. CarlGuind

    [url=http://ivermectinbestbuy.com/]stromectol uk[/url]

Leave a Reply