Venture Nursery: The Startup Crisis In India

“I was happy when Mr Modi spoke, he’s a great orator. I was depressed when I read the 40 page Action Plan,” says Ravi Kiran, the blunt speaking co-founder of Venture Nursery, an angel-backed start-up accelerator. Amidst the euphonious speech delivered by the Prime minister Narendra Modi at a New Delhi 's Vigyaan Bhawan for the Startup India workshop, there was also the existence of the thought obviating that maybe there is too much money chasing too few ideas.
The Prime Minister divulged the largest Start-up conference with new policies and initiatives with the hope of giving fillip to the already existing start-up ecosystem in India. This action is the important recognition of the fact that this start-up segment is expected to be the biggest …show more content…
However,it needs to be seen who manages this corpus.The interference of Politicians or bureaucrats would inundate the already risky action plan since Start-ups lie at the extremity of the risk-reward category of investments.Also, the idea of common public investing into VC funds appears too luscious to be digested in.To top it all, just the genesis of Rs 10,000 crore won 't spur the growth of domestic capital industry since the size of corpus stands nowhere when the capital investment of last year alone,standing at $1.8 billion, is taken into …show more content…
Another area of concern for start-ups is the existence of compliance based regulatory regime where navigation into the maze of bureaucracy is challenging even for the adroit business personal.The plan aims to exempt start-ups from six labour laws for a period of three years with the hope of easing business in the manufacturing sector. The fact that 45 labour laws are operational at central level and about four--times this number at the state level, is enough to point out that the Centre needs to work in conjunction with the State so that there is no discord between the policy at the two