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Indian Startup Ecosystem
Tathagat Varma Mentor, NUMA Bengaluru
Topics
• Past: The Journey • Present: The Ground Report • Future: The Road Ahead
India Story Today
The Journey
Source: http://www.ispirt.in/Our-Industry/Industry-Evolution
The New Start-Up Hub!
Talent
Capital
500+ Active Angels 150+ VCs / PEs
US$ Billion
Accelerators, Incubators, Coworking,
Events, Contests Meetups…
• 100s of meetups every week
• 1000s of Co-working Spaces
• 110+ Accelerators & Incubators
Unicorns
Ecosystem
Source: http://www.slideshare.net/WorldStartupReport/india-startup-report/27-Ecosystem_Ratings_India_MARKET_China
Culture
www.slideshare.net/WorldStartupReport/india-startup-report/27-Ecosystem_Ratings_India_MARKET_China
Tailwinds
• India entering Golden age of entrepreneurship
• Growing social acceptance to risks and failure
• Low entry barriers allow quick experimentation
• No dearth of “India-scale” problems!
• Evolving ecosystem of mentors, capital and talent
• Favorable government support to entrepreneurship
Headwinds
• Talent: Lack of right talent
• Mindset: Steady paycheck!
• Regulations: Too complex
• Infrastructure: Largely broken
• Ideas: Too many of “me too”
• Capital: Early funding woes
• Mentorship: Not enough
• Launched by PM Modi to facilitate entrepreneurship and innovation ecosystem
• Key points:
• Single Window Clearance even with the help of a mobile application
• 10,000 crore fund of funds
• 80% reduction in patent registration fee
• Modified and more friendly Bankruptcy Code to ensure 90-day exit window
• Freedom from mystifying inspections for 3 years
• Freedom from Capital Gain Tax for 3 years
• Freedom from tax in profits for 3 years
• Eliminating red tape
• Self-certification compliance
• Innovation hub under Atal Innovation Mission
• Starting with 5 lakh schools to target 10 lakh children for innovation programme
• New schemes to provide IPR protection to start-ups and new firms
The Road Ahead
• After the initial hype, dust is settling down!
• Increasingly favourable govt support
• Back to fundamentals: business model, etc.
• Huge opportunities in multiple sectors
• Expected growth is 3x in next five years!
References
• http://www.nasscom.in/india-value-proposition
• http://www.nasscom.in/india-startup-ecosystem
• http://www.nasscom.in/knowledge-professionals
• http://zinnov.com/startups/
• http://www.ispirt.in/Our-Industry/Industry-Evolution
• http://yourstory.com/2015/12/indian-startups-raise-9billion-2015/
• http://www.bythestartups.com/the-story-of-indian-startups-from-the-pre-independence-era-to-the-present/
• http://inc42.com/resources/top-startup-accelerators-india/
• http://www.slideshare.net/WorldStartupReport/india-startup-report/
