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Start-Ups - Ushering in Knowledge Economy


Affiliations
1 Adviser (Technology & Innovation), Confederation of Indian Industries, India
 

The start-ups script the saga of success for a nation’s technological prowess and economic progress. They also offer intellectually stimulating challenges and a great sense of achievement to young entrepreneurs turning them ‘job creators’ from the ‘job seekers’. Many start-ups are premised on the disruptive technologies and business/service delivery models while providing novel solutions. Thus, start-ups with an immense potential for value addition have been aptly described as the harbingers of knowledge economy. With a bouquet of 21 unicorns and over 50,000 start-ups, India is currently ranked third in the global start-up ecosystem. The article gives a snapshot of India’s start-up scenario and performance of various stakeholders. It also discusses what ails the start-ups and the likely solutions thereof. The article attempts to chart out a concrete plan of actions and imperatives for the thriving Indian start-up ecosystem to perform, sustain and prosper.

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  • Start-Ups - Ushering in Knowledge Economy

Abstract Views: 16  |  PDF Views: 1

Authors

Soumitra Biswas
Adviser (Technology & Innovation), Confederation of Indian Industries, India

Abstract


The start-ups script the saga of success for a nation’s technological prowess and economic progress. They also offer intellectually stimulating challenges and a great sense of achievement to young entrepreneurs turning them ‘job creators’ from the ‘job seekers’. Many start-ups are premised on the disruptive technologies and business/service delivery models while providing novel solutions. Thus, start-ups with an immense potential for value addition have been aptly described as the harbingers of knowledge economy. With a bouquet of 21 unicorns and over 50,000 start-ups, India is currently ranked third in the global start-up ecosystem. The article gives a snapshot of India’s start-up scenario and performance of various stakeholders. It also discusses what ails the start-ups and the likely solutions thereof. The article attempts to chart out a concrete plan of actions and imperatives for the thriving Indian start-up ecosystem to perform, sustain and prosper.

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No Keywords.