For years together, NASSCOM Product Conclave has been the breeding ground for ideas and collaboration, bringing together various stakeholders of the technology product ecosystem. From the last couple of years, NPC has shown a strong focus towards start-ups and innovation. In line with this focus, and the rising interconnectivity with other global ecosystems, one of the sessions at NPC focused around the ‘French Tech Ecosystem and Initiatives’. Being a technology analyst and an ardent follower of the Indian tech start-up landscape, I got intrigued enough to attend the session.
- Although India stands 3rd globally in the number of start-ups, we have 140+ incubators/accelerators in India – less than France. Given India’s scale and growth, is this enough?
- The investments by French govt. is 4.5 times what is promised under India’s Start-up India and Stand-up Policies. Again, is this enough?
- Maximum applications to French Tech Ticket flowing in from India – could mean many things – Indian entrepreneurs looking for global markets because A) they find it hard to start-up in India or B) they are late entrants in categories which are already mature in India like eCommerce. Whatever the reason, is there a scope and possibility to make Indian start-up environment even more conducive to retain talent and companies, and by conducive I mean technologically, environmentally, and socially?
Our start-up ecosystem is maturing like never before, but we continue to need more impetus and push from various stakeholders of the ecosystem – impetus in the form of funding, structured mentoring, and ease of doing business in India. With the hope that the French start-up ecosystem makes its mark globally and flourishes as one of the key hubs in Europe, I also bring to notice that India can’t become complacent on any front – we should continue being aggressive and take the imperative of becoming the ‘Silicon Valley of the East’. Can we?