The Government has decided to encourage startups through a number of changes they have outlined in an action plan that will help early stage companies do better. Why Startups? For one, they are a big source of income and employment, and for another they foster innovation. This is a good idea in my opinion, because startups will be future giants, and we have encouraged “large” companies only for the most part. Startups also have the potential to bring in enormous FDI (they’ve done so in the recent past) and also encourage domestic capital (which knows them best) to grow more such businesses. Overall, the startup space has been dominated by technology companies in the internet space. Also by some non-tech sectors like grocery and food delivery. The real encouragement should be to startups in multiple spaces – whether it is solar powered tractors, electric engines, shaving blades or better financial products.… (Read On…)
[via Capital Mind]
Follow us @investmentheat – lists / @sectorheat