Study on startup failure in india
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The document discusses startups in India. It notes that over 100 million startups are launched worldwide each year, but 90% fail. It also states that India ranks third globally in terms of startup ecosystem, behind only the US and UK. The Startup India mission was launched in 2016 to promote entrepreneurship in India through various government schemes and initiatives. Risk taking ability, availability of funds, and a vibrant startup ecosystem are keys to supporting the growth of startups in India.
Study on startup failure in india
- 1. Authors Jackson D’souza Gautham Shetty Famera Fatima F Mehtab Under the Guidance Dr. Sudhir M Professor, JKSHIM, NITTE 15/09/2017
- 2. 1,37,000 per day new firms take birth worldwide Out of 100% start ups 90% of them fail Start-up mission of India launched on Jan 16, 2016 PM Narendra Modi promoted entrepreneurship like skill India, make in India, digital India India ranks third after US and UK among global startup ecosystem
- 4. Startup India Mission was Launched by FM Arun Jaitley on Jan 16, 2016 100 million start-ups are launched every year, 90% of them fail India ranked third after US and UK among global start up ecosystem 2014-3,100 startups, 2020-11,500 startups Government Schemes
- 5. Technology as an enabler Risk taking ability Social entrepreneurship Availability of funds Improving financial systems
- 6. No stigma about failures Startups failures Career options Vibrant ecosystem
- 7. Tough space for smaller player More competition and less traction Unable to cop-up with the cost incurred by the company Lack of funds
- 8. Failure in capturing marketing attention Business model failure Underperformance and demonetization Other reasons
- 13. Moved away from past culture People are ready to take risk Most of Indian startups are tough competitors for foreign companies. New entrepreneur must know well about the current market and schemes of government