Growth of Startup Ecosystems in India
Growth of Startup Ecosystems in India
Growth of Startup Ecosystems in India
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Surbhi Jain
Maharshi Dayanand University
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1. Introduction
India is a developing south Asian country. It is a most populous and 7th largest country by
area. Large population implies a large prospective market in India and puts more pressure for
employment in the country. In recent years, Indian youth motivates towards self-employment
instead of rely on parents or government or opportunities. Rather, they start to take initiative
to look for new challenges. This encourages and promoting self-employment environment
creates the startup systems in India.
What is a Startup
Currently a clear definition of a ‘Startup’ does not exist in the Indian context due to the
subjectivity and complexity involved. Considering various parameters pertaining to any
business such as the stage of their lifecycle, the amount and level of funding achieved, the
amount of revenue generated, the area of operations, etc., some conceptual definitions are
available in the public domain. The Department of Industrial Policy and Promotion (DIPP) is
also working around a clear definition for startups and is expected to make it public in due
course.
A startup is a young company that is beginning to develop and grow, is in the first stages
of operation, and is usually financed by an individual or small group of individuals
A startup is a young company that searches for an unknown business model in order to
disrupt existing markets or create new ones.
A startup is a young, dynamic company built on technology and innovation wherein the
founders attempt to capitalize on developing a product or service for which they believe
there is a demand.
Definitions of Startup
A startup business is defined as an organization:
Incorporated for three years or less
At a funding stage of Series B or less
An entrepreneurial venture/a partnership or a temporary business organization
A startup is defined as a business that:
Engages in development, production or distribution of new products, processes or
services
Correspondence
Surbhi Jain
New and existence for not more than five years
Ph. d., M.Com, M.D. Revenue of up to INR 25 cr.
University, Rohtak, India. Not formed through splitting or restructuring
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International Journal of Applied Research
References
1. Damodaran A. Valuing Young, Start-up and Growth
Companies: Estimation Issues and Valuation
Challenges. SSRN Electronic Journal. 2009, 06. DOI:
10.2139/ssrn.141868
2. Mansano F, Pereira M. Business incubators as support
mechanisms for the economic development: Case of
Maringá's Technology Incubator. International Journal
of Innovation–IJI. 2016; 4(1):23-32.
doi:http://dx.doi.org/10.5585/iji.v4i1.51
3. Niti Aayog. Report of the Expert Committee on
Innovation and Entrepreneurship, 2015.
4. http://startupindia.gov.in
5. http://www.investopedia.com/ask/answers/12/what-is-
a-startup.asp
6. http://dipp.nic.in/English/Investor/startupindia/Definitio
n_Startup_GazetteNotification.pdf
7. https://en.wikipedia.org/wiki/Startup_company
8. https://yourstory.com/2016/02/government-definition-
startup/
9. http://dictionary.cambridge.org/dictionary/english/start-
up
10. http://www.profitbooks.net/startup-india/
11. http://www.investopedia.com/terms/s/startup.asp
12. https://www.indiafilings.com/learn/challenges-faced-
startups-india/
13. http://economictimes.indiatimes.com/small-
biz/startups/indian-startups-challenges-and-
opportunities/articleshow/45272839.cms
14. https://yourstory.com/2016/06/10-real-problems-india-
startups-can-aim-solve/
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