Startups are like the seeds of new plants. Just like seeds require fertile soil and a conducive climate, along with proper sunlight, food, and water, as well as protection from the elements to flower into strong, fruit-bearing plants, startups also need a holistic approach to take off from the idea to the execution stage and then become successful.
Across India, the buzz across industries is startups. And young entrepreneurs need all the possible enablement and facilities they can get from startup ecosystem enablers to take their ideas to fruition. A job the Rajasthan government is doing very well, in fact, much better than many other states. The key differentiator in Rajasthan’s approach to startup nurturing is its comprehensive approach as opposed to the piecemeal approach adopted by the other states.
The Rajasthan government, under the leadership of visionary Hon’ble chief minister (CM) Vasundhara Raje, seems to have nailed it with its holistic approach of building a startup ecosystem across levels and functions — from free incubation facilities, mentoring from experts, programs and initiatives to foster entrepreneurship to policy and regulation — and has well proved that today, it is the No. 1 state in startup nurturing in India.
The results of its multi-level support system for startups, built in-house, are evident as well with the total number of startups in the state touching 1000 at present, a massive 1000% rise from 100 (approximately) startups in early 2014!
The state’s startup ecosystem enablers are burning the midnight oil to further grow these numbers, and therefore, in our eyes, are the top contenders of #1 spot on DIPP’s startup ecosystem ranking ladder. E-governance, iStart, Digifest, IT Day, hackathons, Rajasthan Stack, Challenge For Change (a chance to get INR 1 Cr worth government projects), eSakhi — you name it and the Rajasthan government has done it.
With more than 1000 startup enrollments on one-of-its-kind startup web platform iStart within just four months, disbursement of funds to 23 startups the from $77.3 Mn (INR 500 Cr) Bhamashah Techno Fund, and free infrastructure support under the Bhamashah Techno incubator, Rajasthan is moving ahead at a fast and furious pace in the race to be the best startup ecosystem enabler in the country.