In the last decade, entrepreneurship has become a popular choice for people as they explore ways to start their own businesses. In India, at least one in five adults are self-employed and many of these entrepreneurs have been able to turn their ideas into successful ventures.
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The status of innovation in indian startups converted
1.
2. In the last decade, entrepreneurship has become a popular
choice for people as they explore ways to start their own
businesses. In India, at least one in five adults are self-
employed and many of these entrepreneurs have been able
to turn their ideas into successful ventures.
4. Artificial intelligence
A field that is growing at an alarming
rate – has seen a lot of investment from
Indian startups in the last few years. AI
is getting into our homes, people and
lifestyle.
5. Automation
The technology involved with
automation will be great for developing
businessman skills. Automation is being
used to do things such as
manufacturing, agriculture and
construction.
6. Data storage
In India, we are seeing a data explosion.
There is so much data being created
every day and it’s only going to
increase! This has led to the growth of
startups that deal with the storage,
management, analysis and security of
this data.
8. Resources
Even when many Indian startups
have the skill and technology to
scale up and be successful, they
still face the challenge of limited
resources.
9. Awareness
Another challenge faced by Indian startups
is the lack of awareness about their
existence or services. This can be due to a
variety of reasons such as the startup not
being able to market themselves well,
having a complex product that’s hard to
understand or simply being too new!
10. Finding the right team
The last challenge is finding the right
team for your startup. There are so
many skills that you need to have in
order to be successful – marketing,
sales, tech development and more!
11. Government policies
India’s startup policy needs to be more
conducive to the growth of startups.
There are a lot of policies in place that
are not helpful and sometimes even
harmful to startups. This is something
that the government needs to address
urgently so that Indian startups can
continue to thrive!
12. Recommendations for
Entrepreneurship In India
Entrepreneurs in India need to use the power of
social media to their advantage. As the internet is
just as powerful and can reach as many people no
matter where you are in the world. There are a
number of social media platforms that can be used
to great effect for promoting your startup in India.
Facebook, Twitter and LinkedIn are all good options.
13. Final Thoughts
Indian startups are on the rise and are
showing no signs of slowing down. With
the advent of new technologies, there is
a lot of data being generated which
these startups are able to collect and
use for their own benefit.