Despite phenomenal growth in recent years, India's startup ecosystem lags in innovation across strategic sectors. Identify the factors responsible for this and suggest strategies to bridge this gap.
Main Body
India recently became the Country with 3rd largest number of startups in the World. However it lags far behind in Startup Incubation in sectors like disrupt, space, quantum etc. Global Infusion & 3rd Highest no of Startups, Phenomenal Startup Unicorns (Growth Marnie boat to = [illegible] GDP & Enterprises, S) Nana Garth. Inadequate focus on Deep Tech Startups: (1) Requirement of massive till hal "Unicorns" a open AT with over 4000s investment. (2) Relatively long gestation periods. b Chess Quantum Startups working three to 4.
CCC Much more uncertain work, compared to iStm startups - uncertainty of demand, large costs, etc a Insufficient govt - support - ensure regulatory compliance, institutional legal, etc b In space sector - lack of space, News space data limitation etc IV Flogging -> Indian Startups shift abroad where there is access to better capital & support V Poor research & development culture in India - only 0.7% GDP. Strategies to bridge gap: i Ensure long term financial support to deep tech startups like Agnikal Comes. ii De-regulation critical technology sector providing convenient freedom to Startups. iii IIT-Delhi's Startup Incubator. iv Be deregulate critical technology sector providing convenient freedom to Startups. v Boost R&D expenditure to 2% of GDP. The establishment of National Research foundation along with fund of funds for deeptech and a help to create Disruption to achieve supremacy in frontier technologies
II Craft defined relaxation for mentorshi, support, finance etc b IIT-Delhi's Startup Incubator. IV be deregulate critical technology sector providing convenient freedom to Startups. V Boost R&D expenditure to 2% of GDP. The establishment of National Research foundation along with fund of funds for deeptech and a help to create Disruption to achieve supremacy in frontier technologies.
II Craft defined relaxation for mentorship, support, finance etc. b IIT-Delhi's Startup Incubator. IV Be deregulate critical technology sector providing convenient freedom to Startups. V Boost R&D expenditure to 2% of GDP. The establishment of National Research foundation along with fund of funds for deeptech and a help to create Disruption to achieve supremacy in frontier technologies
Conclusion
The establishment of National Research foundation along with fund of funds for deeptech and a help to create Disruption to achieve supremacy in frontier technologies
25 words
ARYAN SIRSIKAR
Economic Development
Mobilisation of Resources
Mobilisation of Resources
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