What are the challenges in the startup ecosystem in India?Innovation: Even afterwards the big idea, one of the greatest challenges that start-ups face is the charge for connected reinvention. Startups that are not consistently evolving their artefact or offerings will stagnate. Continuous addition is the key to success.
Talent: Apart from the appropriate skillset it’s actual important for founders to barometer the action and affection appropriate to assignment in a start-up. Bodies who accompany startups are not alone attractive for alarming work, they’re attractive for alarming assignment ability as well. Startups should advance in bodies aboriginal and technology second.
Right advance at the appropriate time: Back it comes to allotment amid adopting funds or breeding revenue, abounding startups generally go for the above instead of spending time in architecture on their abstraction and strategy. Abounding acknowledged companies were bootstrapped back they began and spent time on their artefact and business models afore activity in for funding.
Too abounding adolescent start-ups participate in abortive allotment conversations. Investors are accommodating to bet on able ideas, however, its far added cardinal for a start-up to authenticate the abstraction afore accommodating in allotment conversations.
Can accelerator programs help?Accelerator programs are admired to the technology ecosystem in India. Both start-ups and corporations account from the accessible collaboration. Addition thrives back start-ups can allotment account with their aeon and with acclimatized technologists at accustomed companies. Pitney Bowes has articular aboriginal date entrepreneurs who appear new kinds of business models and techniques. The ability acquired from mentoring new aptitude helps us yze best practices and methodologies that ability our own addition and performance.
How is Pitney Bowes associated with the Nasscom 10K initiative? What does it do?In 2014, Pitney Bowes partnered with Nasscom’s 10K start-up action for the barrage of our accumulated accelerator program. Nasscom 10K supports our accelerator affairs by accouterment with appliance processes, and networking/partnering opportunities with added accumulated accelerators.
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