Page 39 - August-2020-Issue

ARTICLE

Startups have been working technology that need to be tapped
round the clock to cater the India is third largest judiciously by the Founder to
surge in demand. Additionally make their Startup a successful
Startups have supported the Startup eco-system in the venture.
community through Corporate These challenging areas need
Social Responsibility (CSR). For world with an average continuous intervention & re-
example- Paytm has launched a of Three Tech Startups search to keep exploring possible
campaign “India Fight Corona”, solutions by drawing attention of
which is supported by brands born every hour. This Stakeholders from time to time.
like Lifebuoy, Unilever and
YouWeCan. diverse eco-system
HexGn Startup Ready Program responded dynamically References
of the Govt. is a welcome ap- 1 Indivjal Dhasmana, Business
proach. Given the size of popula- to the vicissitudes faced Standard, December 4, 2019,
tion and our target to be leading 'We look forward to mak-
Startups Nation globally, more of by the Indian markets ing India a $10-trillion econ-
such Models and their replication omy, says PM Modi' https://
might as early as possible not only and conditions like www.business-standard.com/
to turnaround Startups, rather to Covid-19. In the emerging article/economy-policy/we-
infuse confidence in upcoming look-forward-to-making-in-
startups, to check on early failure scenario with increase dia-a-10-trillion-economy-says-
cases and creating entrepreneur- pm-modi-119022300803_1.html
ial ecosystems across the board. panic and closure of 2 Annual Report, DPIIT 2019-
The key Stakeholders for suc- physical establishment, 20, https://dipp.gov.in/ sites/
cess of either Startups or SMEs default/files/annualReport_
are the Founders or Owners e-commerce Startups English2019-20.pdf
besides Govt., Funding agen- 3 Seed Funding Support, Startup
cies and People engaged. The have been working India, https://www.startupin-
focus should, therefore, be on round the clock to cater
making them responsible and dia.gov.in/content/sih/en/com-
pendium_of_good_practices/
disciplined like the governance the surge in demand.
norms for Board of Directors in seedfundingsupport.html
Industries. Experiences shared Additionally Startups 4 Stand-Up India for Financing
by some of the Founders or Co- SC/ST and/or Women Entrepr-
founders are worth mentioning. have supported the eneurs ttps://www.startupin-
Aaron O’Hearn, Co-founder and community through dia.gov.in/ content/ sih/ en/
CEO of Startup Institute con- government-schemes/stand-
veys, “Get Comfortable With Corporate Social up-india.html
The Unknown”. Startup will al-
ways feel forced to make a deci- Responsibility (CSR). 5 Shephali Bhatt ET Bureau
sion without fully understand- January 19, 2020, India is be-
ing what is coming and hence For example- Paytm has coming a popular destination
will have to learn to deal with launched a campaign for foreigners to chase their
uncertainty. startup dreams
Startup Founder is the heart & soul 'India Fight Corona'. 6 COVID Resource Section, Info-
of the company, may be, they will rmation & Resources For The
have to present themselves more Startup Ecosystem Startup
responsibly to turn the passion of set of skills, s/he could be excel- India, Resources for COVID-19,
people engaged into a business lence at doing something, may be https://www.startupindia.gov.
and to accomplish that to become business development, product in/content/sih/en/covid-19_re-
a leader. Every individual has a development, marketing, sales or source_section.html

Kaleidoscope May, 2020 39