An Assessment of Competitiveness of Technology-Based Startups in India (original) (raw)

Start-Up India-Opportunities and Performance in Indian Context

India is the second largest populous country in the world and it have more youth power than other countries and at the same time it have more unemployment rate, its unemployment rate is 3.43% which is huge when compared with its population. To control this unemployment our honourable Prime Minister Narendra Modi has taken a step to eradicate unemployment, and initiated a campaign Start up India. This is an action plan in this Banks will finance for start-up ventures. It is organised by Department of industrial policy and promotion (DIPP). There are various schemes available under this and the person with innovative ideas, will be benefited by this scheme. This creates an employment opportunity for many job seekers. Start-up India is launched in the year 2016, and by 2025 unemployment rate will come down to half because this creates many job opportunities. And this will improve our economic growth of our country. Many small and new entrepreneurs will be benefitted by this. Soft bank which has a headquarters in Japan had invested 2 billion US dollars for this. Our prime minister has requested all banks to support for this scheme. All the states in India were performing well in supporting start-ups, southern states shown great performance than other states. This paper highlights on the growth of tech based, non tech based, new business start-ups and number of days for setting up a new business, corporate tax rate and bank lending rate for start-ups in India compared to other countries. It also discusses about various schemes operating under Star-up India and their performance in the economy.

Start-Ups: The Ladder Towards a Developed and Innovative Economy, Opportunities and Vulnerabilities

Nepalese Journal of Management Science and Research

Start-up Entrepreneurship is crucial for the promotion of research, innovative systems, and self-employment. Entrepreneurs with high potential and calibre are scarce and precious human resources for the country. This paper examines the role played by the Indian start-ups for innovation and economic development, opportunities, and challenges considering start up survival. This research is descriptive in nature, we have studied the need, significance, and impact of start-ups on economic and innovation development, and also will investigate the causes and obstacles of the start-ups in India. Our analysis uses statistical techniques to examine the start-ups as the major success factor for an entrepreneur in India. We have evaluated the positive impact of start-ups on the economic and innovation development of the nation. There were larger policy implications for the promotion of this important sector. Start-ups are basically open organizations, certainly engaged in innovation processes....

START-UPS GROWTH IN INDIA – OPPORTUNITIES AND CHALLENGES

International Journal of Research and Analytical Reviews (IJRAR), 2018

In 2016, Prime Minister launched Start-up India mission in 2016 for the vision of discovering that the India become next big start-up Nation. Never seen in the history of India, so many dominant forces have gathered together to promote Start-ups and facilitate them to prosper globally. In the past few years, the Indian Start-up ecosystem has seen a mammoth growth, despite several roadblocks, adoption of play-to-win approach by the young and enthusiastic entrepreneurs was all time high. Start-ups are essentially of two kinds. One that starts something ground up, something that no one has thought about and is often ground breaking. Very complex to create this type of start-ups but once established often sees extraordinary growth. The second kind of Start-ups that we see around us is primarily the ones that do not want to reinvent the wheel. For making something new and innovative they are adding old sauce to new dish. Whatever may be the kind of Start-up, Indian Start-ups face its own set of challenges and some stellar opportunities. The present paper discusses about the Challenges and Opportunities faced by the First Generation Entrepreneurs at length.

Indian Start-Ups: Rising to the New Normal

Journal of Management Studies and Academic Research , 2021

The COVID-19 pandemic and the extended period of lockdown caused massive disruption in Indian start-up ecosystem. Strict restrictions on the movement of people and goods increasing both demand and supply side risk, lack of willing investors to back up risky ideas and above all a global recession looming in, made the existence of Indian Start-ups too much difficult. However, Indian start-ups have risen to these challenges threatening the very existence of start-ups, and have been utilizing the promising opportunities brought in by the New Normal. A number of sectors have succeeded in ensuring double digit growth figures amidst the pandemic crisis and are likely to continue their growth with the innovative product and service offering in future as well. The present article is a sincere effort to elaborately highlight on the success of these Indian start-ups who have fought back the challenges of the New Normal.

A DESCRIPTIVE STUDY ON START-UP INDIA -PROGRESS TOWARDS DEVELOPMENT AND HARNESSING INNOVATION

A startup is created company, partnership, or venture that aims to quickly expand an innovative business concept. A startup is a young, up-and-coming firm that takes a proactive toward creating a lucrative business model. An MVP (Minimum Viable Product) is a prototype used by startups to test and refine their fresh ideas and approaches to doing business. In addition, the company's founders engage in extensive studies and surveys to learn more about emerging ideas, technology, industry trends, and commercial opportunities. To affirm the ownership, dedication, and contributions of founders and investors, a shareholder agreement needed to be agreed upon early on. The main aim of the research was to understand the start-ups and their significance and to measure the awareness level among young people about the Startup India-Progress towards Development and Harnessing Innovation highlights and to study the performance of startups as well as the role of various stakeholders. The research was undertaken in the month of October 2022. It is descriptive in character nature. A convenient sampling technique is used for the study with 150 participants as the sample size. People between the ages of 25 and 45 who express an interest in starting their own businesses are given preferential treatment. Google Forms were used for the collection of information from them.