For Quick Alerts
For Daily Alerts

Indian startups need to scale up: Shaw

By Religare

A vibrant start-up scene is welcome, but newly incorporated companies should aim for scaling up their innovations given the peculiar needs of a large country like India, Biocon chairperson and Managing Director Kiran Mazumdar Shaw said as per the PTI report.

"India can not afford just to be a start-up nation, we have to scale up because we are too large a nation and economy to be like what Israel is doing," Shaw said at the second SBI Economics and Banking Conclave.


She said Israel is the undisputed start-up nation, but it can live off licencing the innovations which come from the start-ups, but in India, the companies have to focus on exploiting them commercially.

"I think we need to focus on how do we scale up these very successful start-ups. That is where the impediments are in a country like ours because we will never be able to scale up to the potential that they have," she said.

Shaw said in sectors like biotechnology, the emergence of start-ups is resulting in a reverse brain drain, with talent returning to India to join the new companies.

It can be noted that many start-ups have flourished over the last few years in the country, which now has the entire ecosystem, including incubation centres, co-working places and funding sources, in place.

This led Prime Minister Narendra Modi to exhort the people to have more such companies in his Independence Day speech.

Story first published: Friday, August 21, 2015, 9:10 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more