Bengaluru Most Hospitable To Tech Start-Ups; NCR Next Best: ASSOCHAM Paper

Posted By:

Bengaluru is host to the largest share of technology driven start-ups, followed by the Delhi NCR and Mumbai while Hyderabad and Chennai are also quite popular among the techies who are budding entrepreneurs, according to an ASSOCHAM study.

Bengaluru Most Hospitable To Tech Start-Ups; NCR Next Best: ASSOCHAM

The study done in association with the 'Thought Arbitrage' found that in the technology driven start-ups, India has moved up to third position with the US occupying the top position with more than 47,000 and UK with over 4,500. India's tech start - ups number around 4,200 up to 2015.

In terms of total number of start-ups, comprising tech and non-tech areas, India again figured among the five largest hosts in the world along with China.

The number of start-ups in both India and China was 10,000 each. The US is at the number one position among the overall list of 83,000 budding entrepreneurs.

Of the Indian start-ups, riding on the technology, the IT hub Bengaluru was host of 26 per cent, followed by NCR with 23 per cent and Mumbai 17 per cent. In the 'catching up' category fell Hyderabad with eight per cent, Chennai and Pune with six per cent each.

The awareness that a start-up is a vehicle of rapid growth through technological "disruption" and innovation, has to spread across the economy.

"Only then, there can be a true start-up revolution; otherwise if any small traditional business is treated as a start-up then the start-up eco system will never develop properly", the paper noted.

It said synergizing Start up India with Make in India and Digital India has the potential to expand Indian eco system for the new entrepreneurs. The paper suggested tax exemption for research and experimentation to encourage fresh ideas without fear of failure.

Suggesting a Stanford University model in various Indian universities, the ASSOCHAM-Thought Arbitrage paper said courses on creation of small businesses should be encouraged in the learning campuses.

Goodreturns.in

Read more about: assocham, startups
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?