Startup-Sutra-2: How government can help?
A startup starts and expands, depending upon two entities: Consumer and Government. While consumer forms the base of service initiation or product launch and maintenance, the government plays a pivotal role in supporting a new firm to get proper platform and adequate ecosystem to start and grow with time. It is like a gardener, who takes care of saplings and provides proper nourishment and environment to grow and bore fruits in future. In this article will talk about how a government can play a role in today’s generation startups: India is a hub of eight unicorns (companies having a “bank balance” of more than a billion dollar) and several rising companies which are here to stay, grow and provide benefits to consumers and gain revenues for themselves. It becomes important for the government to believe in these firms and put some of their time and money into them, to gain returns and to provide platforms. Why Bangalore is the hub of startups? Bangalore is the hub of ...