Role of Incubation Centers, Government and Private Institutions and Various Government Schemes in the Development of Start-up Culture in India

Abstract

Co- founder and chairman Emeritus of Infosys once told about India’s environment in the early 1980's as "extremely business-unfriendly". Slow bureaucracy and long-winded procedures meant just getting the basic technology required to run a company was a battle. He recalls waiting a year to get a telephone connection and three years for a licence to import a computer. Still he dared to start his company along with his six friends by taking a loan of Rs 10000/- from his wife. Now come to year 2019, Kalyani Shinde, an engineering graduate and DISQ fellow, registered her company Godaam Innovations using Udyog Aadhaar and within the span of six months she was able to get investment of Rs 1.5 cr. from different Impact Investors. This indicates India’s “extremely business-friendly” environment.