After Kerala tops the Global Start-up Ecosystem Record at the Asian level, Chennai is close to entering the ranking of top 100 Start-ups globally.
The Global Start-up Ecosystem Index, 2022 was released, and Chennai ranked 102nd on the list.
With a massive jump of 31 places, the state is now about to enter the top 100 on the list.
According to the experts, the state is now one of the emerging global destinations for start-up ventures.
According to the list- Pune is in the 90th position, Hyderabad at 97th, Bengaluru at 8th position, New Delhi at 13th, and Mumbai at 17th.
A total of 5 states are already on the top 100 ranking list.
How has Chennai improved its environment for Start-ups
There are various reasons for Chennai to improve itself as a start-up and make its way close to the top 100 rankings:
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starting start-ups like the Unicorn, and exits.
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If the growth is maintained, the state will overtake Pune and Hyderabad.
The global record finds that Unicorn has achieved the status of 540 companies, 150 in 2020, which means at least one Unicorn produced by 113 start-ups.
Chennai is known as the “software as service capital of India.” Software technology will make its way to achieving start-up within the state.
IIT- Madras Incubation Center is one of the start-ups for best incubators in India.
List of some of the start-ups:
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speech technology start-up Uniphore
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electric vehicle start-up Ather Energy
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dairy technology start-up Stellapps
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drone start-up Detect
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space tech start-up Agnikul
These all are making their successful way, improving the status of the ecosystem in the start-ups, thus making it more stable.
For years, Chennai was getting blamed for not having a good social environment. Now, it’s not the case any more.
In the past 18 months, more than 100 pubs have come up. There are many more start-ups to come in the field of industry and technology also.
India’s position in the global ranking
Globally, India is one position up, achieving 19th in the ranking list.
However, India has topped the list at the Asian level. Since 2020, India has been showing a remarkable achievement in ecosystem start-up.
According to experts, India is the ideal place for education, transport, and food-tech start-ups.
As per the report by Startup Blink Map, the figures are:
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1,364 education start-ups
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654 transportation start-ups
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507 food tech start-ups
Goa and Patna have 272 and 218 start-ups. Both the state achieved 500th and 522nd positions.
Ecosystem start-up is helping India to grow financially, making a transparent economy. It can help India to become superpower potential.
Public sectors should help India improve itself for the best start-ups for better development.
Keeping in mind, India has good relations with most countries that can help by making its way for better start-ups. It can grow in various other fields also.
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