Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-11-22

Bangalore among top start-up ecosystems

One of the major Indian metropolitan cities, Bangalore has been ranked among top 20 cities in the world offering the most influential start-up ecosystem, respectively, signifying a global start-up revolution. The Indian IT hub, Bangalore, was positioned a

One of the major Indian metropolitan cities, Bangalore has been ranked among top 20 cities in the world offering the most influential start-up ecosystem, respectively, signifying a global start-up revolution. The Indian IT hub, Bangalore, was positioned at no. 19, according to a report called Start-up Ecosystem Report 2012 released by Startup Genome and Telefónica Digital recently.

“There is similar motivation in Bangalore to Silicon Valley: 56 per cent of entrepreneurs in Bangalore pursue building a great product, 30 per cent try to change the world. Interestingly, no entrepreneur in Bangalore wants to create a quick flip and clone already proven business models,” the report said.

“We created this report for three reasons: firstly, to put a spotlight on the emerging hotspots of technology entrepreneurship that will be responsible for powering a massive global socio-economic structural shift; secondly, to further democratise the knowledge necessary to help spread the merits of Silicon Valley; and thirdly, to give actionable insights to entrepreneurs, investors, corporate development departments and policy makers,” said Bjoern Lasse Herrmann, CEO, Startup Genome.

“India could well be one of the toughest countries in the world for a startup to flourish. However, being one of the biggest markets on earth provides a foundation for a prospering startup scene. Another important factor is the richness of India’s talent base. Well educated and highly skilled, Indian web entrepreneurs have the ability to transform both their economy and society. Bangalore needs to take certain steps to enable entrepreneurs to build global startups and attract talent and capital from abroad,” the report added

"Overall, the Startup Ecosystem Index paints a glowingly positive picture of the state of entrepreneurship around the world. While Silicon Valley is far and away the strongest ecosystem, just 5 or 10 years ago, most of the other ecosystems on the list either barely existed or didn't exist at all," it said.

Based on data from more than 50,000 startups around the world, the study concluded Silicon Valley, Tel Aviv and Los Angeles were the top 3 startup hubs.

Related opportunities
  • Quick Service Restaurants
    Partner With Genuine Broaster Chicken: “Broasting®” is a unique cooking method..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Okhla New Delhi
  • About Us:  TBSE" aspires to expand its presence in the PBCL..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Humty Dumpty brings fresh tea at your doorstep or..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: The Arvind Limited Legacy Since 1931, Arvind has been the..
    Locations looking for expansion Gujarat
    Establishment year 2010
    Franchising Launch Date 2010
    Investment size
    Space required 700
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Kalol Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts