With the number of startups skyrocketing from 3100 in 2014 to nearly 90,000 in 2023, India has solidified its position as the third-largest startup ecosystem globally, trailing only the United States of America and China. Additionally, it’s adding around 80 startups daily, the highest figure in the world.

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While India's startup ecosystem is brimming with potential, it is vital to acknowledge that startups often fail to navigate the intricacies of the competitive and constantly evolving business landscape. They struggle to secure funding, build sustainable business models, attract and retain talented employees, and differentiate themselves from the competition. As a result, many promising ideas and ventures fall by the wayside, unable to reach their full potential.

The high failure rate is a harsh reality of the startup world, where the path to success is paved with uncertainty and risks. It underscores the importance of providing comprehensive support and resources to startups, including mentorship, access to capital, networking opportunities, and a conducive regulatory environment. Conquest BITS Pilani, India’s first and largest student-run startup accelerator, has emerged as a pivotal platform, nurturing and empowering the next generation of entrepreneurs in India. Specially catering to early-stage startups, it offers an extensive 7-week hybrid program established with the vision to transform ambitious ideas into successful ventures.

conquest.org.in to get registered.

 

 

 

 

(Above mentioned article is consumer connect initiative. This article is a paid publication and does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever)