STUDY OF THE STARTUP ECOSYSTEMS- FOCUSING ON KERALA AND KARNATAKA (original) (raw)

Need of a Better Start-Up Ecosystem in India

2021

India is the second most populated country in the world and it’s one of the biggest economies too but looking at its population, it’s still underdeveloped. India’s per capita income increased by only a 1% annualized rate in three decades after its independence. In 2018 its GDP growth rate was a mere 6.386%. The majority of India’s population is in the lower-middle-class category. This economic condition demands a better ecosystem to uplift and encourages startups that will help reduce unemployment in India. India has become a status-driven society where risk-taking and audacious behavior are not considered ideal. If this situation continues India will soon become a nation of clerks and government servants. With unemployment rising and competitive exams getting tougher, it’s getting hard for talent to get what it deserves. The below article highlights the challenges faced by the Indian Startup Ecosystem and

An imbalanced ecosystem: start-ups in India

Economic and Political Weekly, 2019

The rapid development of various institutions supporting company creation in India has the potential to generate economic growth, innovation, and economic development. However, this article shows that the start-up ecosystem has unevenly developed across cities and economic sectors, and has failed to empower the overall population, so far. Using a comprehensive database on start-ups retrieved from Tracxn, a business data and analytics company, the authors find that venture capital concentrates amongst graduates stemming from a handful of prestigious education institutes in India and abroad. The article analyses the role of entrepreneurship policies and argues for a shift of focus and resources towards the building of a more inclusive start-up ecosystem.

Startup Mission in Kerala: Insights and Implications

International Journal for Research in Applied Science & Engineering Technology (IJRASET), 2023

The Startup Mission in Kerala is an initiative aimed at promoting entrepreneurship, innovation, and economic growth in the state. The key drivers of the Startup Mission include government support, access to funding, and a growing talent pool. Despite its successes, the Startup Mission also faces challenges, including access to funding, limited infrastructure, and a lack of entrepreneurial culture. However, the outcomes of the Startup Mission have been positive, including the development of a vibrant startup ecosystem, job creation, enhanced innovation, and encouragement of women entrepreneurship. The Startup Mission in Kerala has demonstrated the potential of startups to create jobs, generate wealth, and drive social and economic development in the state. This conceptual article explores the Startup Mission in Kerala, examining its strategic objectives, initiatives, and implications for the development of the startup ecosystem in Kerala.

Contrast between Startup Ecosystem of India and USA

2021

In today’s fast-growing business world, startups are an important part of the business economy and one of the largest jobproducing sectors. Start-ups are usually set up to counter the lack of industry or marketplace and the set-up depends on various factors such as location, economy, culture, etc. In this article, we have tried to give an overview of the startup industry in the US and India and have touched on several key points such as taxes, funding, regulations, etc. that are important while setting up a startup.

Critical Analysis of Startup India.docx

Jagran Journal, 2019

Self-reliant growth is very crucial for the development of any country. Although self-reliance has been discussed since the Fifth Five-Year Plan, the commitments of self-reliance and removal of poverty have often been diluted in Draft Plans (Tendulkar, 1974) due to inadequate institutional specification and the absence of a simultaneously worked-out policy frame. Startup India is a good initiative by the government in this regard which offers opportunities for young budding entrepreneurs and businessmen to venture out and find new avenues of growth that would lead to development of the country as well.Startup India is a flagship initiative of the Government of India, intended to build a strong system of business that is conducive for the growth of startup ventures, in order to initiate sustainable economic growth and generate large scale employment opportunities. It is a 19-point plan with several incubation centres, easier patent filing, tax exemptions, ease of setting up of business, etc. (Startup, online). The objective of the research paper is to find out the success quotient of this economic initiative, opportunities of growth for entrepreneurs, gauge the extent to which this initiative reached out to business talent, evaluate the extent of ease-of-doing business within the country, observe the problem areas and assess new challenges and growth opportunities. Findings indicate that there are many loopholes in the startup ecosystem which do not permit the initiative to become a complete success. Keywords: self-reliance, economic growth, government policy, startup, ease-of-doing business