National Academy of Agricultural Sciences (NAAS)
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PRINT ISSN : 2319-7692
Online ISSN : 2319-7706 Issues : 12 per year Publisher : Excellent Publishers Email : editorijcmas@gmail.com / submit@ijcmas.com Editor-in-chief: Dr.M.Prakash Index Copernicus ICV 2018: 95.39 NAAS RATING 2020: 5.38 |
The Oxford Dictionary defines startup as “a newly established business” while according to Merriam-Webster, startup means “the act or an instance of setting in operation or motion” or “a fledging business enterprise”. The American Heritage Dictionary suggests it is “a business or undertaking that has recently begun operation.” But the question here is what really comes to our mind when you hear the word “STARTUP”? The common answers that which we usually get are influenced by popular media, depicting startup as unsecured job, failed companies, free food, beanbags, Friday beers, open office landscapes and sleeping pods whereas no one recognizes the hard work put on by the guys grinding in their garage. While from the words of Eric Ries, the creator of the Lean Startup Methodology, “A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty.” In a bid to double the farmer’s income by 2022, the Government of India is continuously looking for ways to boost agricultural production, food processing and marketing avenues through the integration of latest technologies and innovations; thus creating a huge scope for food and agritech startups in the country (Balaji, 2018). India has made a strong name for itself in the global startup community. India ranks amongst the top five countries in the world in terms of number of startups founded. It is estimated that India houses around 7200-7700 start-ups, creating more than 85,000 employment opportunities. It is projected that the number of startups in India will increase to more than 11,500 by 2020, with job creation from these entrepreneurs reaching 250-300K by 2020 (NASSCOM, 2018a; FICCI 2018).
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