SME Times is powered by   
Search News
Just in:   • Intex Technologies Strengthens Leadership Team  • E-Commerce Industry Risk Review by Alea Consulting   • Small loans initially help MSMEs build credit history: Aye Finance CEO  • Global cues, selling pressure pull equity indices lower  • Nationwide bank strike on Tuesday 
Last updated: 18 May, 2017  

IBM.9.Thmb.jpg Over 90 pc startups in India fail in first 5 years: Study

Startup India
   Top Stories
» 'Under 'Startup India' job-seekers turned into job-creators'
» Needs an alternative of bankruptcy to save business: FM
» Traders face problems in GST filing due to portal glitch
» 'Startup India, Standup India programme most unique in the world'
» FM asks states to reduce VAT on petroleum products
SME Times News Bureau | 18 May, 2017
Owing to the lack of pioneering innovation and stalled funding, more than 90 percent startups in India fail in the first five years, a study by software major IBM revealed on Wednesday.

The startups in the country are facing funding roadblocks both at entry and exit stages while successful global startup ecosystems are well supported by active investor communities.

"We believe that startups need to focus on societal problems like healthcare, sanitation, education, transportation, alternate energy management and others, which would help deal with the issues that India and the world face," said Nipun Mehrotra, Chief Digital Officer, IBM India/South Asia, in a statement.

More than 76 percent of Indian executives pointed to the country's economic openness as a major business advantage, while 60 percent identified skilled workforce and 57 percent of the executives said that a large domestic market provides significant advantages.

Seventy three percent of Indian business leaders surveyed believe that ecosystems can help accelerate innovation and almost 80 percent of the executives from established companies say collaboration with startups accelerates new ideas.

Seventy percent of the venture capitalists believe that talent acquisition is one of the biggest challenges faced by Indian startups, and limited availability of necessary skills impedes growth.

"Stakeholders' (established businesses, startups, VCs, Government, higher education) involvement and contribution is key to creating a conducive environment for the success of the startup economy," the study noted.

The IBM study titled "Entrepreneurial India" was based on interviews with more than 1,300 Indian executives, including 600 startup entrepreneurs, 100 venture capitalists, 100 government leaders, 500 leaders of established companies and 22 educational institution leaders.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.15
63.45
UK Pound
84.20
81.35
Euro
76.70
74.10
Japanese Yen 59.10 57.10
As on 22 Aug, 2017
  Daily Poll
Is GST affecting exports negatively?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(17)
» PM's I-Day speech: Govt eases way for small businesses(7)
» Economic Survey: Volume-2(6)
» List of items for which anti dumping duties has been levied with related notifications(2)
» CVC to act on Corp Bank probe report(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter