What is a startup ecosystem? How does the 2016 Startup policy of the Government create such a system?
A startup ecosystem is formed by people, startups in their various stages and various types of organizations in a location (physical or virtual), interacting as a system to create new startup companies and increase the productivity of the existing ones.. These organizations are universities, funding organizations, support organizations (like incubators, accelerators, co-working spaces etc.), research organizations, service provider organizations (like legal, financial services etc.) and large corporations. Different organizations focus on specific parts of the ecosystem function and startups at their specific development stage.
1. Government policy
2. Ideas, inventions and research i.e. Intellectual property rights (IPR)
3. Entrepreneurship Education
4. Entrepreneurs
5. Start up team members
6. Angel investors
7. Startup mentors
8. Startup events
(Startup Policy 2016 is given in Current Events Notes coming up soon)
