Poor ideas and poorer engineers are killing Indian startups
Friday, May 19, 2017
India isn’t able to nurture its startups to their full potential.
All the odds are in India’s favor: The world’s fastest-growing major economy has been ranked the third-best destination for technology investments. From Microsoft to Uber, Silicon Valley bigwigs are all setting up offices and development centers in the country. The Indian startup sector is teeming with “soonicorns”—soon to be unicorns (private billion-dollar startups). At the start of 2016, prime minister Narendra Modi launched the Startup India initiative to improve the ecosystem for budding companies through tax exemptions, reduced red tape, patent reforms, better funding channels as well as avenues for incubation and training.