Startup Vision 2020 Target 10,500 Nasscom Report

Startup Vision 2020 Target 10,500 Nasscom Report

Posted by P. Charitha on November 3rd 2016

According to the Indian Start-up Ecosystem Maturing - 2016 report by Nasscom-ZINNOV ,India stands in the third place as a prospective start-up base. United States and Britain stand in the top two ranks.
 
The report findings say that:
 
1400 new start-ups are expected to start by the end of 2016 (growth by 8-10% compared to last year) and employment of more than 2 lakh people is also seen. 
 
The growth rate is expected to go up by 2.2 times to touch 10,500 by 2020.
 
Domains like health-tech, fin-tech, data analytics, B2B commerce and artificial intelligence and edu-tech are seen as the key verticals for investment & growth. 
 
Till date a total funding of around $3.5 billion was invested in 650+ start-ups. 
 
The growth of tech start-ups in India is expected to increase by 10-12% to over 4,750 by the end of 2016. 
 
The growth of  student entrepreneurs has also increased by 25% in 2016 with over 350 start-ups being founded by young students. 
 
A 40% increase in the number of active incubators and accelerators is also expected to be seen in 2016.
 
Under the ‘Start-up India Stand-up India' mandate, tier-II/III cities have taken the plunge with over 66% of the new incubators being established there.
 
Bengaluru, NCR, and Mumbai continue to lead as the major start-up hubs in the country. 

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