Facts On Start-Ups

Initially started with 4200 with a target of 12000 by 2020

Ranked 3rd largest hub
40% failed since 2014 with 18 in 1st 5 months
997 of 2281 were in logistics, e-commerce, food-tech, etc collapsed in June 2014
Reasons- It lacks long term vision and were created with an aim to sell themselves
Copycat ideas poor strategy lack off funding affected the bottom line
First Half saw a decline in funding by 40% compared to initial years
Replication of western business models that do not have market in India
Access to capital is Limited since investment without a working product is difficult
Failures notwithstanding, India is in full throttle to scale up the startup ecosystem,
creating new ways for wealth & job creation
Since it launched the start up India program in January, the country has been
ramping up its efforts to realize the target.
The MCI asked all the states to setup start up hubs to help budding entrepreneur.
For the moment in the high risk, high reward start up culture, the focus is on capital
efficient entrepreneurs who are able to create sustainable value.
The MST launched new program PRAYAS to provide grants of upto $149900 to start
ups.