SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
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
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
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
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter