Entrepreneurial Ecosystems for Tech Start-ups in India: Evolution, Structure and Role

The 21^st century has been a witness to unprecedented tectonic technology shifts in the world and the emergence of new global challenges impacting all countries across the world in different capacities. These developments have forced countries around the world to strategize their available resources to derive innovative solutions in response to these challenges, leading to long-term value creation and growth of their economies. The economies world over have focused on creating, nurturing, and promoting regional innovation systems (RIS) to address these challenges. Technology start-ups and entrepreneurial ecosystems that nurture them are an important and critical element of the responses formulated by the regional governments that have successfully led the innovation-based growth of their economies.^[1] While tech start-ups introduce new knowledge-intensive products and services to the market and accelerate the rate of structural change in the economy, the entrepreneurial ecosystems provide a congenial support system to enable the growth of these start-ups by orchestrating the different elements such as customers, financiers, mentors, and incubators.^[2] Read More …