Delhi-NCR Tops In Start-up – Free PDF Download

• Not-for-profit organisation TiE Delhi-NCR and Bangalorebased research firm Zinnov released a report titled “Turbocharging Delhi-NCR Startup Ecosystem.”

 WHAT IS A START-UP?

• A startup is a young company founded by one or more entrepreneurs in order to develop a unique product or service and bring it to market.
• The initial funding for the start-up is usually done by the founders or their families.

FINDINGS OF THE REPORT

• Delhi NCR is home to over 7,000 startups and 10 unicorns.
• A unicorn is a privately held startup company valued at over $1 billion.
• Delhi NCR accounted for a 23% share of startups in the country.

• The report said that with suitable government and private sector interventions, Delhi-NCR could become one of the top 5 global startup hubs, with 12,000 startups, 30 unicorns and a cumulative valuation of about $150 billion by 2025.
• The pace of founding new startups has, however, slowed over the past 2 years across India, including in the Delhi-NCR region, according to the report.
• The reasons include lack of affordable co-working spaces, less number and quality of accelerators and incubators, shortage of technical talent, lack of seed and early-stage funding and low corporate participation.

HOW TO ACCELERATE GROWTH OF STARTUPS?

• A lot more seed and early-stage funding
• Creating more affordable co-working spaces
• Increasing the number and quality of accelerators and incubators
• Developing deeper pools of technical talent
• Developing sector-specific policies
• The action plan of this initiative, is based on the following three pillars:-
• Simplification and Handholding.
• Funding Support and Incentives.
• Industry-Academia Partnership and Incubation.

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