With numerous tech firms entering the market and roughly 42 companies becoming unicorns in 2021, India’s startup ecosystem has come a long way. Startup ecosystems in India are at their best and the overall environment is pro-business, encouraging aspiring minds to develop innovative ideas. However, we all know that starting a business involves much more than just having an idea; it...
Innovation is the driving force behind a startup. Startups become multibillion-dollar corporations when they successfully implement their novel idea. The start-up’s new product ideas, new ways of doing things and appealing designs are all part of its intellectual property (IP). However, these businesses often find it difficult to figure out how to protect their intellectual property while growing...
Post the pandemic, the government of India is on a mission to build a strong startup ecosystem. For the support and benefit of entrepreneurs, the government has created a ministry that is dedicated to assisting new businesses and providing them with valuable expertise and other facilities in order to grow. Considering the fact that the country is offering various government schemes to...
Startups today are playing a crucial part and contributing handsomely to the growth of the economy. They are the vibrant, diverse and innovative channel through which smart ideas and tech are changing the way we live. Additionally they are creating more jobs, building value in products, adding to the foreign exchange kitty, improving the standard of living and a lot more. It is evolving so fast...
Startups have been quite the thing over the last decade or so. Almost every day, someone, somewhere is attempting to start a business. Becoming an entrepreneur is no easy feat. There is the difficult question of what business to open that entrepreneurs must ponder on as this is critical to the success of their business. Easy business ideas are available online however entrepreneurs must research...
The micro, small and medium enterprises development (MSMED) Act of 2006 states that an MSME is any micro, small and medium enterprise (MSME), operational in the manufacturing or service sector. A new MSME definition further categorized them based on the value of their individual investment in equipment and the annual turnover of the enterprise. The importance of MSMEs can be gauged from the fact...
The early-stage startup ecosystem in India is flourishing. Fresh reports indicate a steady uptick in the number of incubators and a growing trend of young minds being more inclined towards entrepreneurship. No wonder the startup sector in India is today a vibrant vertical, full of innovative ideas and performance driven parameters, which have surpassed all previous benchmarks and are now playing...
Over the last few years, a bold new breed of entrepreneurs bursting with ideas have emerged on the Indian business landscape. Nimble and confident, they are raring to scale up their global ambitions. This is the startup generation. According to the Economic Survey 2021-22, the Department for Promotion of Industry and Internal Trade (DPIIT) has officially registered over 61,400 startups in India...
When top global investors look at India today, they see a country full of potential. A large population, sizable untapped markets, diverse cultures, spending habits; all this supported by very entrepreneur and enterprise friendly government initiatives, has meant that the Indian economy is attracting big ticket investors like a magnet. The point to be noted here, is that these investments...
Every country’s economy is a composition of diverse businesses. The common classification of industries has been primary, secondary and tertiary and in their own way, each industry contributes to the overall growth of the economy and in turn to the rising standard of living. Over the years however, the startup sector has come into its own and is transforming the business ecosystem like no other...