Ed Ch-1 PPT - 3, Start Ups
Ed Ch-1 PPT - 3, Start Ups
Ed Ch-1 PPT - 3, Start Ups
on
Ch1 - Entrepreneurship
Development
SIOM
SPPU
Ch-1 ED
Development of India
through Startup initiative
SIOM
SPPU
Objective of the study
• The primary objective of the study is to
analyze trend of the growth after startup India
initiative.
• The secondary objective of the study is to
focus on aids provided by government to
startup founders.
Entrepreneurship
The capacity and willingness to develop,
organize and manage a business venture along
with any of its risks in order to make a profit.
In economics, entrepreneurship combined with
land, labor, natural resources and capital can
produce profit.
Startup
A startup is an organization dedicated to creating
something new under conditions of extreme
uncertainty.
A startup usually involves innovation, offering a new
concept or something that is not widely available.
Difference between Entrepreneurs
and Startup founders
• Entrepreneurs
Primary motive to earn profit.
Example- Achyuta Samnta ( KIIT group of institutions)
• Startup founders
Primary motive is to show their innovative idea to the world.
Example- Bhavish Aggarwal (ola cab founder)
Advantages of Startups
• Sky is the Limit When it Comes to Innovation
• Create Your Own Rule, You’re the Boss
• No Dearth of Seed Funding if the Start Up is Promising
• Start Ups Better at Pricing then Corporations
• Availability of Start Up Eco System
• Availability of an Incubator
Disadvantages of Startups
• Higher Cost, Tax and Regulations for a Start
Up in India
• No Seed Funding Unless the Start Up is
Exceptionally Promising
• Ecosystem Still Not Very Developed
• Hiring New Employees Could Be a Challenge
Drawbacks of an Start Up Initiative
• Creation of jobs
• Increase export
• Increase production will lower the price of goods and
services
• It will increase multiplier effect
• Increase per capita income
• Standard of living will rise
• Marginal propensity to consume(MPC) will go up
• Boost gross domestic product(GDP)
• Bring revolutionary technology
• Industrialization
Findings
• India is a home for almost 3100 startups starting per year standing
just behind US, UK and Israel according to the NASSCOM report
of 2015. If the growth is continued on the same pace then it is
expected that Indian tech startups will generate almost 2.5 lakh
jobs in the next five years.
• The Small Industries Development Bank of India (SIDBI) has
approved Rs 930 crore in disbursals from the Rs 2,000 crore fund-
of-funds it launched in August to support venture capital funds for
startups.
• It is anticipated that by 2020 India will be a home to 112 million
working population falling in the age bracket of 20-24 years as
compared to that of 94 million workers of China.
• India projected the highest ever GDP annual growth rate of
7.3 percent in the last 15 years.
• With 40-50 percent of startups dying within five years of
their inception, to cope up with this problem the government
has linked with Google, Facebook, Apple, LinkedIn, Twitter,
to boost the entrepreneurial culture in the millennial
generation.
• With 3.6 crore units spread across the country, that employ
8.05 crore people, Micro, Small and Medium Enterprises
(MSME) have a contribution of 37.5 per cent to the country’s
GDP.
SUGGESTIONS
• In order to attract more startups, DIPP has to design a
learning module to “educate the startups in areas, including
incorporation of a company, business models,”
• The service is to be provided free to startups through an
empanelled group of advocates. So that startups will no
longer need a certificate of recognition from the
government to access legal help for filing patents?
• The industry should plans to impose a cap on fees that can
be charged by incubators for certifying a startup as an
“innovative business.”
• Government of India should work on providing incubators
who help founders on every thrust of startup or we can say
except e-commerce business.
Conclusion
• This initiative is the necessity to lead India in right
direction. The most important point about this campaign is
that it involves youths of the country as start-ups as they
have fresh mind, innovative ideas, required strength,
energy, skill, and new thinking to lead business.
• Developed nations are looking towards fast growing and
emerging nations such as India to gain maximum from the
huge untapped potential markets. In the recent years,
different countries are taking different initiatives to link up
their businesses with the Indian startups in almost all
sectors including defense. Such joint venture can attract
the huge foreign fund which can boost the country’s
growth.
Thank You