Startup India - Energising Entrepreneurship

Abstract

It is a boom time for Startups in India. India has emerged as the 3rd largest startup ecosystem in the world. Fittingly, the Prime Minister of India has recently announced that 16th January will be celebrated as National Startup Day every year. However, it is found that nearly 8090% of Indian startups fail within the first 5 years of their inception. This article discusses the causes for the failure of startups and indicates the key ingredients for their success, in more details with regard to funding options. The various sources of funds available for the different stages of the startups and the government initiatives in the recent years to boost the startup culture and their impact are also discussed.