India's Student Run Start-ups
There’s no denying the increase in number of student start-ups.
When the National Entrepreneurship Network conducted its First Dot National Competition for student start-ups earlier this year, it received 99 applications from 19 cities And only four of the 99 came from families that earned more than Rs25 lakh a year.
“The number of entrepreneurs setting up shop each year has tripled compared with three years ago,” says Aditya Mishra, co-founder and director of HeadStart, a Bangalore-based organization that promotes entrepreneurship. “But start-ups require smaller investments and as angel and seed funds funded by multinationals look at bigger investments for returns, no one has stepped in to fill up the gap.”
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