Opportunities-for-Startups-India
With the launch of Prime Minister's ambitious Startup India mission on 16th January at Vigyan Bhavan auditorium in New Delhi, it seems that India is progressing to become the next big startup nation.
The Indian startup system ecosystem is rapidly driven by an extremely young, diverse and inclusive entrepreneurial landscape. There are more than 3,100 startups (Source: NASSCOM 2016) and the number is expected to reach 10,000 by 2020 making India the largest incubator(after the US and China) of emerging startups. Disruptive innovation is the key and Indian enterprise is perfectly poised to produce solutions to challenges faced by the developing world.
Technology is at the heart of India's entrepreneurial movement and techled disruptive innovation has enabled an ease of operations in many areas where complications previously existed.
Indian businesses have gained significantly from globalisation and needs access to foreign capital as well as global markets. So what could be India's role in this challenging environment?
India is endowed with vast solar energy potential. About 5,000 trillion kWh per year energy is incident over India's land area with most parts receiving 4-7 kWh per Sq. m per day. Hence, both technology routes for conversion of solar radiation into heat and electricity, namely, solar thermal and solar photovoltaics, can effectively be harnessed providing huge scalability for solar in India. Therefore, starting a solar business is a lucrative opportunity for the entrepreneurs.
The Indian startup system ecosystem is rapidly driven by an extremely young, diverse and inclusive entrepreneurial landscape. There are more than 3,100 startups (Source: NASSCOM 2016) and the number is expected to reach 10,000 by 2020 making India the largest incubator(after the US and China) of emerging startups. Disruptive innovation is the key and Indian enterprise is perfectly poised to produce solutions to challenges faced by the developing world.
Technology is at the heart of India's entrepreneurial movement and techled disruptive innovation has enabled an ease of operations in many areas where complications previously existed.
Indian businesses have gained significantly from globalisation and needs access to foreign capital as well as global markets. So what could be India's role in this challenging environment?
India is endowed with vast solar energy potential. About 5,000 trillion kWh per year energy is incident over India's land area with most parts receiving 4-7 kWh per Sq. m per day. Hence, both technology routes for conversion of solar radiation into heat and electricity, namely, solar thermal and solar photovoltaics, can effectively be harnessed providing huge scalability for solar in India. Therefore, starting a solar business is a lucrative opportunity for the entrepreneurs.
