Nurturing Entrepreneurial Ecosystems in India: Lessons Start-up Entrepreneurs

Abstract

In a country like India, even though various important projects have been introduced to tackle the
hurdles of entrepreneurship activities, most of them fail to address the peculiar challenges raised
by start-ups. Extensive research is being conducted in the arena of start-up entrepreneurs and the
positive influence of a good entrepreneurial ecosystem in their development. In this attempt to
comprehend factors that allow the fostering of start-up ventures, several researchers focus on the
part of stakeholders in the nurture of business ecosystems. The understanding of the diverse
stakeholders that can influence the nurturing of entrepreneurship ventures in itself will help
business enthusiasts in organizing and managing these diverse aspects in order to produce
combined positive output in entrepreneurship. The paper studies diverse stakeholders in India
ranging from universities, government, private organizations to incubators and other accelerators
in order to conceptualize their roles in development of a good entrepreneurial ecosystem. In this
study, the emphasis is on how to collaborate and intervene these factors in framing a proper
network of individual entrepreneurial ecosystems, there by expanding them to a large network of
business ecosystem through holistic approach and eventually boosting innovative start-ups in
India.