2. 1,37,000 per day new firms take birth worldwide
Out of 100% start ups 90% of them fail
Start-up mission of India launched on Jan 16, 2016
PM Narendra Modi promoted entrepreneurship like skill
India, make in India, digital India
India ranks third after US and UK among global startup
ecosystem
3.
4. Startup India Mission was Launched by FM Arun Jaitley
on Jan 16, 2016
100 million start-ups are launched every year, 90% of
them fail
India ranked third after US and UK among global start up
ecosystem
2014-3,100 startups, 2020-11,500 startups
Government Schemes
5. Technology as an enabler
Risk taking ability
Social entrepreneurship
Availability of funds
Improving financial systems
6. No stigma about failures
Startups failures
Career options
Vibrant ecosystem
7. Tough space for smaller player
More competition and less traction
Unable to cop-up with the cost incurred by the
company
Lack of funds
8. Failure in capturing marketing attention
Business model failure
Underperformance and demonetization
Other reasons
13. Moved away from past culture
People are ready to take risk
Most of Indian startups are tough competitors for foreign
companies.
New entrepreneur must know well about the current market
and schemes of government