Nurturing Entrepreneurial Ecosystems in India: Lessons Start-up Entrepreneurs

Abstract

In a country like India, even though various important projects have been introduced to tackle thehurdles of entrepreneurship activities, most of them fail to address the peculiar challenges raisedby start-ups. Extensive research is being conducted in the arena of start-up entrepreneurs and thepositive influence of a good entrepreneurial ecosystem in their development. In this attempt tocomprehend factors that allow the fostering of start-up ventures, several researchers focus on thepart of stakeholders in the nurture of business ecosystems. The understanding of the diversestakeholders that can influence the nurturing of entrepreneurship ventures in itself will helpbusiness enthusiasts in organizing and managing these diverse aspects in order to producecombined positive output in entrepreneurship. The paper studies diverse stakeholders in Indiaranging from universities, government, private organizations to incubators and other acceleratorsin order to conceptualize their roles in development of a good entrepreneurial ecosystem. In thisstudy, the emphasis is on how to collaborate and intervene these factors in framing a propernetwork of individual entrepreneurial ecosystems, there by expanding them to a large network ofbusiness ecosystem through holistic approach and eventually boosting innovative start-ups inIndia.