A recent survey conducted by FICCI and the Indian Angel Network shows that the Indian start-up sector urgently needs a flow of funds and an enabling ecosystem to continue operations.
The Indian government will have to extend support to start-ups and bail them out in the same way as larger businesses in order to rebuild India’s start-up ecosystem.
PM Modi’s call for Atma Nirbhar Bharat provides a unique opportunity for Indian start-ups to locally produce innovative and affordable products.
While the world is taking note of the environmental impacts of the virus, it will be necessary to find methods to sustain it in a post-pandemic world.
Healthcare and medtech start-ups in India are finding ground-breaking solutions to problems faced in all stages of dealing with the pandemic. Highlights: While the world is waiting to see the light at the end of the tunnel, Indian innovators are trying to stay positive and find innovative solutions to beat the virus. Several healthcare and medtech start-ups like Mylab, GFF Innovations and Accura Polytech are finding ground-breaking solutions for protection, prevention, screening, testing and sanitisation and treatment. The Department of [...]
A supportive start-up ecosystem might hold the key for Indian start-ups surviving the pandemic. Highlights: Fast-acting Indian start-ups have developed digital financial tools to provide loans to small businesses, designed digital mental health solutions for people in isolation, and coded open-source on low-cost, low-resource ventilators for developing countries. Founders of leading start-ups, members of investment advisory firms, independent advisors, etc have come together and launched Action COVID-19 Team (ACT). Several Indian corporates are also working at helping to manufacture equipment [...]
Technology is providing opportunities for innovators to identify unique market segments and transform ways of doing business. Highlights: The recent flood of technological innovation has the potential to be more disruptive in a shorter period than ever before. Some Indian businesses that made a tremendous impact on the economy are Capital Float, Paytm, Ola, Myra Medicines and FarEye. In the near future, technologies like 5G, AI, autonomy, hybridity and blockchain will change not only the way business is conducted but [...]
While the virus is predicted to cause economic slowdown and huge losses, some Indian start-ups are seeing this as an opportunity for new products and ideas. Highlights: The impact of Coronavirus is seen across several supply chains and different industries such as luxury, food, tourism, entertainment, automobiles, clothing, and technology. Cancellation of major trade fairs globally is causing worries to B2B start-ups who rely heavily on trade fairs for lead generation. While these setbacks dampen spirits in the ecosystem, some [...]