National Conference on Innovations in Information and Communication Technologies (NCIICT-2021), organized by Bannari Amman Institute of Technology, Tamil Nadu, India on 07-08 May 2021

1. Development of an app based in big
data analytics to facilitate start-up
incubators
Samita Ramesh
3rd
year B.Tech, Department of Information
Technology,Specializing in Cyber Security,
Hindustan Institute of Technology and Science,
#1,IT Expressway, Bay Range Campus, Padur, Chennai–
603103, Tamil Nadu, India.
18134001@student.hindustanuniv.ac.in
Dr. C.V. Suresh Babu
Professor, Department of Information Technology,
Hindustan Institute of Technology and Science,
#1,IT Expressway, Bay Range Campus, Padur, Chennai–
603103, Tamil Nadu, India.
pt.cvsuresh@hindustanuniv.ac.in
Abstract— Unemployment has always been an issue in
India with around world’s 1/3 population. The youth are
facing huge competition making it difficult to survive. The
COVID-19 pandemic has worsened the situation where
people are forced to leave their jobs. The employment is
depending upon the current state of economy. Self-
employment is an effective way to reduce the growth of
unemployment. Startup can produce ecosystem and can
generate large scale employment opportunities and sustain
economic growth. Particularly, in agriculture and
technology driven based startups. Using Big Data Analytics
to drive Business Intelligence (BI) helps us to accelerate the
growth of employment opportunities and make smarter
driven decisions. Giving us an approximate vision of proper
roadmap and precise decisions. Building an application that
would that would help in financing the startups. The idea
behind this application is to connect the bridge between the
investors, public and ideas owned by the future
entrepreneurs. Increase in the employment opportunities
increases the GDP growth which cause positive effect on
economic growth.
Keywords— Business Intelligence, Start-up,
Unemployment, Big Data Analytics
I. Rationale Background:
The youth are considered to be the having most important
role in the world. Among the problems faced by the youth,
particular reference has been made to unemployment
(besides lack of educational facilities and lack of
opportunities for social development, national service and
leadership). The unemployment of youth has been
recognized as an aspect of the national unemployment
problem.
However, the varied youth welfare activities, including the
promotion of arts, music, sports and many more have been
designed and developed in incidence of youth
unemployment has not received proper attention.
They strive hard to get placed in an employment. Many of
them end up with jobs just to meet the needs of their family.
Self employment is better way to avoid such situation but you
will need to have some basic necessities.
II. INRODUCTION
Startups have proven to be a rapidly growing market that
provides new innovations, products and services. This has
also shown decrease in unemployment. Due to the
overpopulation in India it is difficult for many aspirants to
get proper job. However, in India startups lack proper
strategic planning and few factors out of which finance
being a biggest concern for many startups. As for someone
who actually enters into entrepreneurship there are many
things that they face based on paper works and other sorts of
legal work. It makes it difficult to get all things done due too
many regulations. It’s in our hands on how to use the
opportunities and use it wisely. This requires individual
responsibility of citizens in India for its welfare.
This is an application for startups that require financing can
get in touch with people and investors. Users can set up their
portfolios and approach the investors or people can buy
direct shares based on the idea.
Financial firms have the ability to leverage Big Data for Use
cases to revenues for data driven system and allowing
efficiency for the customer service. Business Intelligence
does help in providing the insights that we require to start a
startup. Ventures and Angel investors can use this app and
mention their requirements and find a right idea that they
wish to invest in.
Using Crypto currency as a funding option. Bit coins in
coming years are overcoming traditional finance. In order to
accept bit coin funding you will need to understand the
mechanics played by a crypto currency. It might not be quite
easy to understand workings of a volatile currency. It is an
untapped source you will need to be aware off. However,
these funding’s help, its best to have some amount of money
of your own to ensure guarantee.

2. III. OBJECTIVES
1. To provide funds for startups through application.
2. This app will provide the kinds of funds for
startups and incorporating with the government.
3. This app provides collaboration with any other
startups or business ventures or the government.
4. Using this app can develop business strategies.
5. Latest news about the venture capitalists and
current stock markets from Indian Stock Market
System.
6. To increase the economy of India by creating more
employment opportunities.
VI. REVIEW OF LITERATURE
The rate of unemployment has increased at a rate of 24%
due to the COVID-19 pandemic. This has caused the
disruption of workforce by many companies. There has been
a negative inflation on our economic growth. The Gross
Domestic Product (GDP) has been depreciated due to the
decrease in unemployment. Startups have set to gain
attention all over the world with new innovations,
development of new products and services, creating more
employment opportunities. India ranks third in startup
ecosystem of the world. Funding is the first problem for new
people in entering the business world. The report says that
more than 30% of the startups fail as they run out of cash.
Starting up in India isn't that easy due to taxes that are
higher and regulations that makes even harder. The IRS
considers startup costs to be capital expenses. Using
business intelligence tools it helps us. The India startup
scheme was developed by government. Platform where
Indian government has implemented schemes for funding
startups in India which is a good initiative but there are
some drawbacks such as heavy Tax and Regulations which
makes it difficult get funds and pay taxes. S.Dharini Dharan,
2018 has made a study on performance of Startups on Indian
Economy where he concluded the startups being a greater
impact on economy. She has also stated the finance being a
major concern where the availability for finance has become
a crucial factor. LetsVenture is an application that has
established a funding platform for startups by venture
capitalists and angel investors. This app is useful for startups
funding. This application had all the rules and regulations
followed. Based on the negative reviews it lacked customer
support and response time wasn’t quick enough. There were
few errors in this app. Although this app helped the people
to get in touch with investors. This app was based only on
VC and Angel investors’ type of funding.
According to Mona Girnara, 2020 has said explained few
roles of startup on Indian Economy. She said it would create
more jobs, create a better standard of living and produce
increase in Gross Domestic Product (GDP).
Trak.In is a website where it lists down the fundings and
investments made by the companies since 2016. This blog
focuses on the Indian business and startups. It has updated
news on the current technology and many other applications.
V. PROPOSED METHODOLOGY
The application helps providing funding or investment in
three categories. The first category is to connect with
investors, corporates, startups and government.
The second category is share market anyone interested in
your idea can buy shares.
The third category is through cryptocurrency investors. You
can connect to any cryptocurrency funding companies.
Firstly, you need to fill in the application form and after
filling the form you need to upload your passport photo. In
the next step you need to upload your Aadhar card or
passport and the last step for your profile to get verified is
your photo. You will have to switch on your camera and
give a neat picture of yourself. If the above process is
completed correctly then within 24 hours you will receiving
a mail that your account has been verified. Incase if there is
an error or some incorrect details then your profile will not
be accepted and you will have redo the whole process again.
So make sure you fill your details correctly. This
verification process is done for security purpose so that the
person viewing your will know your profile has been
verified. Only you able to connect with investors or people
interested in your idea. The same process for all the
companies and investors. They will sign up through
investors account. Even they will have to go through
verification process. Investor, startups, government,
companies and corporate users will have verified profiles.
They can setup their portfolios. They can set their
description and their expectations. You should choose the
type of funding you would want to then search engine will
produce details based on it.
Anyone can put up their portfolios and give description
based on their startup idea. This idea can be viewed by
whom you wish to your see interested in your idea. You can
connect with any startups or corporate you wish. If they
wish to connect with you they can connect with you.
Only single user profile should be maintained. No multiple
accounts are to be used. All the profiles of the users will be
verified.
After viewing anyone interested in investing or funding or
buy shares in your idea can do. There will be a private chat
and video call options through which you can contact. You
shall not send unsolicidated messages. It is only used for
professional purpose. You will not allowed use or launch
any automated systems. You will not be able to download
the documents or any materials. All the paperwork and other
legal works will be taken care offline or online by our
organization itself till the deal is closed. All the transactions
are to be online and secure. Investors or fund managers can
pay using the app with online payment. The deal between
the investor and that startup is private. Investors are not
allowed to publish, host, transmit any sort of details in
regard of their deal.
As for crypto currency, companies like Dropdeck, Dispatch,
Smith+Crown, AmbiSafe and few other companies that
provide funding using cryptocurrency. These companies can
connect to new ideas of a startup through this application.
You can collaborate with other startups, government
agencies or ventures and work with them. Using Business
Intelligence tools, you can develop dashboard, predict
business views performance, prescriptive analysis. Create
your own strategic business opportunities and identify new
opportunities and based on insights providing business with
competitive market advantage. Your dashboard is
maintained secured to manage your progress track.
As for the people who can buy shares based on an idea.
They can buy the shares they can. You can do this creating
your network. The transactions are made private and overall
funds acquired will be shown. It can be made anonymous.
You will need to update your dashboard and your

3. improvements. There would be seamless track monitoring of
investment. Using Business Intelligence (BI) it helps us save
time and make smarter decisions. You can read news based
on the Venture capitalists, Angel Investors and stock
markets based on current analysis. Based on these news it
provides insights on where and how to invests.
A feature is added that is “text to speech” for enhancing its
performance. Using Big Data for credit management as it
detect the using fraud signals in case of such type of
transactions. This secures online transaction.
If any queries you would like to ask or post you can use the
chatbots or get in touch with the help desk. You can give
your feedback based on the app. Suggest any sort of
improvements that can be made in the development of the
app in such a way it can even more efficient to use.
Any new features that you would like tell us can be
mentioned. This application allows you to get funds required
for your startup. It also keeps track on how the investment
made is used. Any sort of misuse will not be tolerated.
Incase such happens the account will be deactivated. You
will be not able to access again. You will have to contact
help desk if any queries.
SYSTEM ARCHITECTURE DIAGRAM
VI. SCOPE OF FURTHER DEVELOPMENT
This application will provide the necessary funds required
for the startups. It would create copious amounts of job
opportunities. One of the bigtime challenge is try figuring
out the need for the development of country. That is why
inculcating Big Data Analytics is would give us a strategy.
At this rate of startups India would reach the 2nd largest
eco-systems of world’s startups. Unemployment will also
gradually decrease. According to Aimee Tariq you need to
leverage business intelligence tools using your startups
ability which could provide you the perception for attracting
customers and improve profit margin. This application can
be collaborated with the help of government where
government can provide funds have an easier access to
getting funds. Cryptocurrency has taken a turn in future
there is scope where finance is taken over by
cryptocurrency. There will an era where all transactions will
happen virtually with proper guidelines. With the support of
government can bring more startups. This application can be
enhanced by adding fantasy games through virtual money
can be earned and with points you can invest in stocks. This
platform can also be developed for share markets where the
customers are updated on Indian and Global financial
markets. With single options it’s possible for navigating
through stocks, mutual funds, commodities etc.
VII. HARDWARE AND SOFTWARE
REQUIREMENTS
Hardware Requirements:
Processor: Intel(R) Pentium(R)
Speed: Above 1.5Ghz
RAM: 4GB
Hard Disk: 250GB
Input Devices: Phone or Keyboard and Mouse
Software Requirements:
Operating System: Windows 7/8/10
Database
Android Studio: 64bit Version: Android
2.3x(Gingerbread)
Java Version: JDK v8
MySQL v5.6/ 5.7 / 8.0
VIII. CONCLUSION
Startups can change the situation of the world.
Entrepreneurship is the only way to avoid unemployment
and increase the growth of economy. Despite the application
helps you in a way you need. It still depends on your
network and capabilities to devise your idea into a good
strategy. Your way of approach is important in how you
convey your idea into terms that would catch the eye of the
person interested. If you are precise in your thoughts it will
be helpful. With the support of government we could
encourage more startups. With the help of mentors and
successful businesses we could educate the upcoming
generation setting the right path for them. This application is
devised because in order to start a startup as finance has
been a main concern. As more than 50% of the population
are from middle class which makes difficult for them to get
source for their startups.
IX. ACKNOWLEDGMENT
We thank all our Faculty members of our Department and
our classmates and other anonymous reviewers for their
valuable comments on our draft paper.
X. DISCLOSURE STATEMENT
No potential conflict of interest was reported by the
authors and other reviewers.
XI. REFERENCES
1. Aimee Tariq (2019), Startup Entrepreneurs need to take Business
Intelligence(BI) seriously
2. Akanksha Dutta, http://www.iosrjournals.org/iosr-
jbm/papers/Conf.15010/Volume%202/31.%2093-97.pdf
3. Dharini Dharan, START-UP_INDIA-
ITS_PERFORMANCE_IN_INDIAN
https://www.researchgate.net/publication/322603043
4. Karan Kapoor (2019), Startup India Scheme
5. Mona Girnara ,(2020), Impact of Startups On Indian Economy
6. http://web.archive.org/web/20201226223825/
7. https://gouchevlaw.com/can-accept-bitcoin-funding-startup/
8. https://trak.in/india-startup-funding-investment-2015/
9. https://www.entrepreneur.com/article/343156