INDIA HOME TO THE THIRD LARGEST NUMBER OF TECHNOLOGY DRIVEN STARTUPS:ASSOCHAM REPORT

By Tricitynews Reporter

Chandigarh 03^rd September:- ASSOCHAM’S maiden Start-Up Summit and Tech Awards-2016 scripted a success story in Chandigarh on Friday as 400 start ups both successful and aspiring attended the session.

Appreciating the proactive policies of the government, Sanjeev Bikhchandani, founder, Info Edge said that the kind of supportive ecosystem available to the Start-Ups currently, should really stir up the entrepreneurial spirit of the region. Bikhchandani pinned the bottom line by advising the young aspirants to start up something which is unavailable, something for which they don’t have to run after the customer.

Bikhchandani was delivering the keynote address during the  first Start-Up Summit and Tech Awards-2016 organized by apex industry body The Associated Chambers of Commerce and Industry of India, ASSOCHAM here today. The Summit was organized in partnership with Department of Industrial Policy & Promotion, DIPP, Software Technology Parks of India, STPI, Government of Haryana and Government of Punjab.

Principal Secretary Industry, Electronics and IT, Haryana, Devender Singh, shared that the the state government has been working closely with the industry and industry bodies to develop an ecosystem for new ventures. Delving into the details, he said that the Haryana Government has implemented the scheme “Start-ups/First Generation Entrepreneurs” to encourage and give support to the prospective start-ups or first generation entrepreneurs of the State for setting up of Micro and Small Enterprises.

The Principal Secretary Industry, Haryana along with Principal Secretary Industry, Punjab Anirudh Tewari, released a study report on Start-ups. Rajneesh Agarwal, Director, STPI, David Lelliott, British Deputy High Commissioner, British High Commission Chandigarh, Richard Pinkham, Programme Director, US Embassy, New Delhi were also present on the occasion besides Bikhchandani.

Sharing details about the report, Dalip Sharma, Director, ASSOCHAM said that India is home to the third largest number of technology driven startups in the world, with the US and the UK occupying the top two positions. The study, done by Assocham in association with Thought Arbitrage Research Institute, also revealed that Bengaluru is host to the largest share of technology startups in the country, followed by Delhi NCR and Mumbai, while Hyderabad and Chennai are also quite popular among budding tech entrepreneurs. He pointed out that in the technology driven startups, India has moved up to third position with the US occupying the top position with more than 47,000 and the UK with over 4,500. “India’s tech startups numbered around 4,200 up to 2015. In terms of total number of startups, comprising both tech and non-tech areas, India again figured among the five largest hosts in the world, along with China.

Sharing details of the Summit, Manipal Dhariwal , Chairman, IT, ITes, Entrepreneurship and Start-ups, said that looking at the overwhelming response to the first ever start-up summit of the northern region, ASSOCHAM has decided to make it an annual affair.

Rajneesh Agarwal, Director, STPI, New Delhi said that STPI is building an incubation center in Mohali, Sector 70 with dedicated tier 3 standard datacenter. STPI provides regulatory support to all IT export oriented units.

Jugnoo was adjudged the ‘Start-Up of the Year’. The ‘Upcomming Start-Up’ awards  were secured by TAC Security Solutions, Simbacart, Grow India Ventures Pvt Ltd (Pumpkart), Dialabank.com, EYP Creations, XLPAT TT, Consultants, RoboChamps, Trantor Software Pvt Ltd, Espranza Innovations Pvt Ltd, Agnext Technologies, and Hatch Tact Innovations Pvt Ltd.