Unanimous Support for New Enterprises

13 Sep 2018

Modi’s Startup India Initiative, on the eve of India’s 69 years of Independence, has changed the entrepreneurial landscape of young India, resulting in a new paradigm of growth and jobs.

Also contributing in a significant way to the entrepreneurial ecosystem is India’s mighty entrepreneur community, which is equipping and nurturing new entrepreneurs and helping them turn big ideas into booming start-ups.

770 start-ups have been recognised under the Startup India initiative so far and the success of the same can be credited to the 3 pillars that it revolves around – Simplification and Handholding, Funding Support and Incentives, and Industry-Academia Partnership and Incubation.

CII helps to develop and strengthen the Indian start-up ecosystem by :-
1) Creating platforms that contribute in building knowledge, network, and competitiveness- Offers business intelligence, market strategies, and best practices for success by connecting start-ups with CII members through The Startupreneurs Forum
– Felicitates successful start-ups through The Startupreneur Award
– Helps start-ups build networks and sustainable business through the Start-up Coalition Portal
– Plans to boost start-ups through the CII Start-up Center in Amaravati that helps learning and provides insights to effective policymaking
– Hosts conferences, exhibitions, and forums across the globe

2) Focusing on training and innovation in the areas of enterprise development and start-up ventures

3) Connecting mentorship, funds, incubation, and supply chain between large established corporates, small enterprises, and micro entrepreneurs

4) Assisting start-ups for IPR, patents, technology, and design    

Besides the initiatives by the government, to promote the welfare of start-ups and support them as they enter India’s business ecosystem, the Confederation of Indian Industry Innovation and Entrepreneurship Council have made conscious efforts to build a start-up process manual which focuses on best practices for new enterprises.

This manual dwells on popular templates, basic principles, segregated procedures, vital practices and specialized views to help start-ups overcome hiccups and establish their initial years of operations.

Digital initiatives like aim at setting up a cross-collaborative platform that can provide adequate support to start-ups and help them grow to the next level by benefitting from a wide network of mentors, industry experts, investors and enterprises.

Considering that, Indian start-ups were bought into extreme focus only 2 years ago, with Modi’s Startup India initiative. These formative years have already been able to lay a strong foundation for the laurels to come, thanks to the unanimous support received both by the government as well as the entrepreneurcommunities.

Having said that, we are still a long way from empowering Indian start-ups in a full-fledged fashion, and need to look at some aspects closely, to attain total success.

For a country that boasts of being one of the fastest growing economies and having the third- largest start-up ecosystem in the world, the new entrepreneurial scene in India looks promising.

The Indian government and association of industries are trying to provide a fertile ground to the new entrepreneurs of India, giving them enough potential to thrive.