Pakshal SecretryAIR 8 · CSE 2025 · 160 wordsTheir whole copy
Opening · a figure
Despite having 112+ unicorns Startup, no startup in India has been able to become a Multi National corporation till now
Body · points
Startup - great potential
(1) Innovative solution to the problems eg Byjus in Edtech (2) potential of growth and scalling up. (3) R&D expenses of startup are high → innovation potential
Not scaled up
(1) Engaged in retail business (MoC Piyush Goyal highlighted) (2) funding winter → not able
to raise new funds (3) Shifting focus from innovation to breakeven profit due to pressure from investor (4) Competition from established firms on R&D front.
Measures (1) Dedicated startup challenge fund for innovative solution (2) Joseph stigliz → Bounty by government for R&D by startup (IPR with govt + money reward to startup) (3) Incubation centers → focusing on innovation and new ideas (4) Academia linkages → Atal Tinkering
Close · a way forward
labs
Thus, MoC Piyush Goyal, called startup to shift from "one minute delivery" to IR 4.0 innovation for Viksit Bharat @ 2047