The Think­ing, and In­no­va­tion

The Economic Times - - The Edit Page -

‘Here, Star­tups are Re­ally Star­tups’ by Ambi Parameswaran (Aug 5) holds im­por­tant lessons for In­dian star­tups. The In­dian mind­set needs to in­cor­po­rate ‘fail­ure’, ‘in­no­va­tion’ and ‘change’ as a part of busi­ness tra­jec­tory. With the man­u­fac­tur­ing in­dex slump­ing and the e-com­merce mar­ket strug­gling in a sat­u­rated space, In­dian star­tups in the tech­nol­ogy ecosystem can pro­vide a fresh im­pe­tus, if nur­tured prop­erly. Gov­ern­ment, an­gel in­vestors and ven­ture cap­i­tal­ists should act as fa­cil­i­ta­tors to pro­mote them. The mar­ket has suf­fi­cient depth to al­low the sec­ondbest to co­ex­ist with star­tups with the first-mover ad­van­tage.

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