Indian Startup Ecosystem: A Global Citizen's Perspective

  • 27th Jan'21
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Our industry doesn’t respect tradition, it only respects invention!

Startup Ecosystem 

The startup ecosystem comprises a group of people, startups, and related organizations that work as a system to create and scale new startups. Startup ecosystems are often formed in quite a limited area with a centre of gravity like a university or a concentration of technology companies.

 

Indian Startup Ecosystem 

The Indian startup ecosystem is an ongoing initiative of Startup India that was launched by the Government of India in 2016. The objective is to spice up startup culture and make an environment favourable for entrepreneurship in India. Nearly 31945 start-ups under the Startup India Initiative are recognized by DPITT till date.

Visit the links to understand more about Indian startup ecosystem:

Growing Indian startup ecosystem:

The India innovation ecosystem continues to mature. The author, who is the Managing Director of Silicon Valley Bank, speaks of her observations during a whirlwind tour of India and its startup hubs. To read about it, Click here

Indian startup ecosystem 2020:

Startup ecosystem in India is booming fast and sees huge growth in the coming year’s with new innovation and technology. To know more, Click here

India is becoming the fastest growing startup ecosystem:

In recent years, the Indian startup ecosystem has really taken off and come into focus on its own—driven by factors such as massive funding, consolidation activities, evolving technology and a burgeoning domestic market. To read more, Click here

Impact of COVID 19 on Indian startup ecosystem:

As of 2018, India has around fifty thousand startups and ventures within the nation; an estimated 18% of these are technologically-led startups. To know all about the impact of COVID 19 on these Startups, Click here

Future of Indian startup ecosystem:

The Indian start-up ecosystem has always been bubbling with new ventures. It has always moved forward with new ventures. But how many of these ventures succeed? To know the answer, Click here

 

Must read - Rise of startup economy, rise of entrepreneurship

 

Indian Startup Ecosystem: A Global Perspective

Here are some links which will give you a complete understanding of Indian startup ecosystem from a global perspective.

Visit the links to know more:

Global reach of Indian startup ecosystem:

India has come a long way due to various government schemes such as Startup India, Make In India, Digital India, the setting up of the Biotechnology Industry Research Assistance Council (BIRAC) and many more which foster a culture of entrepreneurship and innovation in the country - Click here

India - a popular destination for foreigners to chase their startup dreams 

Despite several stumbling blocks, a host of foreign nationals have relocated to India to fulfil their startup ambitions in the tech sector. To read more, Click here

The global reach of Indian startups

India has a robust and vibrant startup base of over 40,000 companies that are growing at a steady pace. To know more, Click here

Ecosystem Ranking Report 

The Global Startup Ecosystem Report (GSER) of 2020 from Startup Genome and Global Entrepreneurship Network is the world's most detailed and widely-read research on startup ecosystems. The GSER now ranks the top 140 startup ecosystems from an examination of several hundred.

Read the links to infer more on ecosystem ranking report:

Global startup ecosystem report:

The Top Global Ecosystems of Today and Tomorrow and the key findings - Click here

Startup ecosystem ranking 2020:

“Startup Ecosystem Rankings Report 2020″ has been released by the StartupBlink. The StartupBlink 2020 Global Rankings Report ranked 1000 cities and 100 countries. To read it, Click here

India's ranking:

India has dropped 6 places to be ranked at the 23rd spot in the latest ranking. India scored 5.698. In 2019, India ranked at the 17th spot. To know the highlights, Click here

Global startup ecosystem report:

Bangalore was ranked 26th and Delhi 36th in ‘The Global Startup Ecosystem Report 2020’ by Startup Genome, with Mumbai topping a parallel “Top Emerging Ecosystems” ranking. To read more, Click here

 

Startup India scheme

The startup India scheme is an initiative by the Government of India. The campaign was first announced by the Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi. The plan of action of this initiative is focussing mainly on two areas: simplification and handholding. 

Here are some links, go through them to know more:

Startup India scheme:

To learn more about Benefits and Eligibility of Startup India, Click here

Eligibility for startup India:

This article talks about a company's eligibility for a startup registration in India. To know more, Click here

50+ startup schemes:

Here’s a Comprehensive List Of Startup Schemes Introduced By The Indian Government In The Last Few Years - Read more

 

 

Challenges of Startup India Scheme

The startup India scheme has brought all positive and negative changes across the country. It has to deal with some of its challenges to come up much better than before. 

Read the links below to know about some challenges faced by startup India schemes:

Issues, challenges, and opportunities:

Necessary reforms to ensure ease of doing business for the startups are vital for the success of the startup India initiative. To know more, Click here

Challenges and opportunities for Indian start-ups:

Key points to note with the best of opportunities to grow and shine in the market. To read more, Click here

Challenges and pillars:

In recent years, startups have been receiving increased attention in many parts of the world. To know everything about Startups, Click here

5 startup challenges:

Each startup has a unique challenge and each challenge has a government policy to get through with it. This article discusses the top 5 startup challenges and government policies to overcome them. To read more, Click here

 

Also read - Entrepreneurial lessons to learn from 2020 to have a better 2021

 

Investments for Expats in India

According to a survey, even with a modest salary hike of 2 percent yearly, more than half of the expats living in the country are confident about building their personal wealth during their stay in the country. Expats in India are optimistic and confident about their financial future and their present is shaping up nicely as well, thus they are ready for investment in India.

Visit the links to know more:

Property investment for expats in India:

Round-trip property transaction costs may vary depending on your local area, but as a general rule they are moderately high (9 to 18%). To find out more about it, Click here

Reason for investing in India:

If the stubborn slowdown in India’s real estate sector is making you lose your belief in the potential of the country’s megacities, you are certainly letting negative emotions carry you away from reality. To know more, Click here

Financial planning for Indian expats

To know all about grandparent gifting, you can Click here

Investment for expats in India:

Expats here in India are optimistic and confident about their financial future and their present is shaping up nicely as well. To read all about it, Click here

 

Thinking of jumping into the startup world? Then you must know all about the startup ecosystem. This article will help you understand every bit of the startup world. Read the article and get set to go towards your goals.

 

We, at OpenGrowth, are committed to bringing the latest trending startup ideas around the world. Do let us know if you want us to cover a particular topic.

About the author: Sareen Yasmin

Her passion includes creative writing, reading and playing around words. She is looking forward to bringing some change with the power of pen and thoughts. Mic and pen are her best friends.

 

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Akanksha Singh (Editor) , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups.


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