New Delhi, Sep 10 (IANS) With over 7,000 start-ups, 10 unicorns and a cumulative private market valuation of $50 billion, Delhi and the National Capital Region (NCR) is the largest start-up ecosystem in India, according to a study released here on Tuesday.
At least one new unicorn has emerged each year in the NCR region since 2013, showed the study by the Delhi-NCR chapter of TiE, a global not-for-profit organisation.
"With concerted focus on the most important areas, NCR has the potential to become a top 5 global hub for start-ups, lead innovation across many sectors, create many more start-ups and have at least 30 unicorns in NCR by 2025," said Rajan Anandan, President of TiE Delhi-NCR.
In terms of the number of start-ups, the Delhi-NCR region is followed by Bengaluru (5,234), Mumbai (3,829), Hyderabad (1,940), Pune (1,593), Chennai (1,520), said the study titled "Turbocharging Delhi-NCR Start-up Ecosystem"
To capitalise on the potential, the study recommends several proactive actions to turbocharge the ecosystem in Delhi-NCR.
A slew of measures - including focusing on 10 sectors where NCR can build true leadership, developing programmes and policies in each of these sectors, strengthening core infrastructure and the talent pool, and placing a major focus on improving seed and early stage funding in NCR - are recommended in the report.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz