point
Menu
Browse by year:

May - 2015 - Special issue > CXO View Point

India; The Fastest Growing Startup Nation

By Amol Goel, Founder, Helpost
Tuesday, May 19, 2015
 By Amol Goel, Founder, Helpost
2013 founded Helpost is a web portal for help seekers and help providers. It is a platform where the seeker and the help provider meet to satisfy their service needs.

From Aditya Bandi's Bookpad Inc. being acquired by Yahoo to the poster boys of the emerging startup-oriented Indian market - Flipkart, Zomato and Ola with their millions from foreign investors - India is fast coming up as the preferred choice for entrepreneurships the world over.

When I was in London for some work a few years ago, I had a chance to hear Professor VlatkaHlupic speak at the Chartered Institute of Marketing. He jokingly quoted, "God made man, everything else is made in India and China," further adding that "the future of new ideas lies in these two nations, as both Europe and US are becoming stagnant with their ideas." Back then it had seemed like a farfetched idea to me, knowing how giants like Google and Facebook already dominated the biggest chunk in the whole startup market. Today, however, looking at the direction Indian startups are headed towards, with enterprises joining the Billion Dollar Club at a baffling pace, it seems like the golden future of a young, aspiring India has finally arrived.

Startup Incubation Centers (also known as Startup Accelerators) hold significant importance for entrepreneurs, especially in a country like India where new startups are mushrooming and changing the face of the market by the minute. For the uninitiated, these are specifically designed programs aimed at providing support, mentorship and resources to individual entrepreneurs as well as entrepreneurial setups. It enables them to get all the expert advice and technical guidance that they would need to survive for a longer period of time, as opposed to most of the other entrepreneurial ventures that fizzle out within a few months of their launch.

Incubation centres are a staple of almost all the prestigious B-schools in India to ensure that great ideas are nurtured right at their source. Currently, there are about hundred incubation centers supported by the ISBA, the apex Indian professional body supporting them. Private incubators are a handful, though, but gradually growing at a steady pace, and these numbers are only expected to double within the next two years.


Share on Twitter
Share on LinkedIn
Share on facebook