Startup India: Tech ventures have big expectations
Sourabh Gupta, TechGig.com
Prime Minister Narendra Modi's StartUp India, StandUp India initiative aims at giving boost to entrepreneurship and job creation in the country. As
Natasha Jain, CEO, Ruplee, a mobile eating-out payment app
"At the roots of development is the capability of creating a social sustainability. And as we all know no organisation can run without a skilled manpower. We are talking of this in a country where the average age is in mid-20s. My take is that more startup will lead to more infrastructure to support the entire startup ecosystem and this will create far more 'sustainable' job opportunities then the startup themselves. For example, food startups would need raw material, suppliers, small food outlets, logistics provider. Similarly, transport startups would need more vehicles on road leading to a larger workforce needed to make and maintain the vehicles; and of course drive them."
Deepak Sethi, cofounder, Pom Pom, an online recycling platform (The company is an invitee at the StartUp India event)
"The emphasis given by PM to start ups, entrepreneurship and new ideas is in itself a strong catalyst for the youth who want to set up their own enterprises. New companies will lead to more jobs and more ideas getting formalised and cemented into a corporate structure. We also hope it will give young women and entrepreneurs, more so in tier 2 and tier 3 cities, access to funding opportunities to scale up and turn their dreams into sustainable businesses."
Dhruv Chaudhari, founder and CTO, Hugefly Technologies, a machine learning startup
"Startup India, Standup India will undoubtedly boost entrepreneurship, job creation and promote technological innovation at a large scale. Youth will get exposure to work on and develop new technologies. This will not only create jobs, but quality skill sets. Hence, jobs created by Startups will have a long-lasting socio-economic impact as well."
Puneet Kapoor, director, BigChemist, an online pharmacy
"If early-stage startups are funded in a time-bound manner with a roadmap created for growth and sustainability, they move up the value chain. There could be issues where the startup is not yet profitable or does not have sustaining cash flows and also does not have access to more capital. In such cases, there would be job losses, to avoid such realistic scenario, an exit policy should be part of the programme wherein bigger players with the help of the fund are able to take over the startup without major hindrances to keep that startup going in one form or the other. There should be some part of the fund be marked and kept for such event to follow in future."
Amit Mittal, cofounder, Simpli5d Technologies, a digital anti-fraud tech company
"I hope the government takes into account the constraints of a small start-up and makes policies which simplify approvals and regulatory compliance. What we need for a startup India is an agile governance."
Siddharth Rathod and Dr. Kamlesh Kothari, founders, CloneMe, a 3D printing startup
"This initiative will definitely provide a thrust to the new generation, the so-called 25-year-old tech enthusiasts, to take up entrepreneurship. Talking about 3D Printing, in India, the technology is in a growing phase and the initial designers will have the option to freelance, join a company or become entrepreneurs. Apart from CAD designers, machine technicians who can service 3D printers will also see a great demand for their skills in coming years. The sectors in which jobs will be created would be aerospace, automobile, jewellery, medical, art, fashion and consumer sectors.
Kiran Gopinath, founder and CEO, Adadyn, an ad-tech startup
"Any initiatives to promote Startups in India, will go a long way in creating jobs not just in the metropolitan cities, but in tier 2 and tier 3 cities as well. As we have seen in the last few years, the opening up of a startup ecosystem has improved the employment situation in India and there is room to absorb talent."
Suvro Ghosh, founder, Lazoi, an online doctor appointment portal
"The challenges that Indian start-ups are facing today are manifold -- whether in terms of reach or speed of internet or in terms of technology. Because in long term reach as well as technology advancement will be very important for start-ups to grow and flourish in India. So if we can deliver in that front and reach to farthest corner of India especially in rural areas by 2020 as planned, startups itself will put the established behemoths into shame in creating new jobs."
Ranjit Punja, CEO and cofounder, CreditMantri, a credit management services startup
"As a fintech startup, it is heartening to learn that the Prime Minister has announced an inter-ministerial body to provide innovative startups with the much needed support to scale rapidly. Great ideas coupled with superior execution and facilitated by favourable regulation, adequate financing and now government support will definitely rapidly create employment and can accelerate economic growth in the country."
Rahul Agarwal, coounder and CEO, MebelKart, an online furniture marketplace
"The tech disruption brought about by startups will play a key role not only in the way we function but also in defining business models and generating employment across the country. We are hopeful that with the government's involvement, we can look forward to ease of policy regulations, tax exemptions and quick implementation of GST. Going forward it will be crucial for the government, trade associations and startup ecosystem to all work together to create innovative and path-breaking products and companies which can change the world."