New Delhi: In the technology driven start-ups, India has moved up to third position with around 4,200 tech start-ups upto 2015, said Assocham on Sunday.
US is occupying the top position with more than 47,000.
“In terms of total number of start-ups, comprising tech and non-tech areas, India again figured among the five largest hosts in the world along with China. The number of start-ups in both India and China was 10,000 each,” said Assocham.
US is at the number one position among the overall list of 83,000 budding entrepreneurs. Of the Indian start-ups, riding on the technology, the IT hub Bengaluru was host of 26 per cent, followed by NCR with 23 per cent and Mumbai 17 per cent.
In the ‘catching up’ category, Hyderabad led with eight per cent, Chennai and Pune with six per cent each, said Assocham. “The disruptive innovation in technology and process is creating newer Indian start-ups and foreign investors including some of the well-known venture capital funds are showing immense interest in these start-ups,” Assocham president Sunil Kanoria said.
The chamber said that awareness that a start-up is a vehicle of rapid growth through technological “disruption” and innovation, has to spread across the economy.
“Only then, there can be a true start-up revolution; otherwise if any small traditional business is treated as a start-up then the start-up eco system will never develop properly.
“Realisation of this distinction needs to percolate to all strata of the policy making and economy to ensure that a real support system for the start-ups, in terms of technology, hand-holding, funding and rapid growth, can develop properly in the country,” the chamber added. The paper recommended courses on creation of small businesses should be encouraged in the Indian universities.
