Technology Startups in India
The last two years lot of software and chip design start-ups have sprung up in Bangalore. Glad to see India slowly moving in the direction of product development from the Services sector. But it would be interesting to see a statistic of how many such start-ups suceeded and compare that with the success rate of Silicon Valley start-ups in the late 90's. Something tells me that India's supply of quality talent in the technology sector is very less. Though we have so many Engineering colleges churning out young graduates every year I doubt if 10% of them are coming out as quality engineers that the industry demands.
For start-ups to be successful, in my opinion, they need to have really good and dedicated people who dont get bogged down by failures and fight till they succeed. The next few years will be interesting to see how the product industry and SMEs develop. If we can fight against the odds and bringout products from our country it will be a major leap in-terms of projecting India as a country capable of producing technology products of international quality rather than just be a services garage.
Saturday, March 25, 2006
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3 comments:
cool idea...but do w really have consumeer for the market...do you think india have good number of technology user the start up make surviive.
ramanakumar
Startups dont necessarily mean they need to cater to Indian market. In a globalised economy any country can produce for any consumer anywhere in the world. Hope you might have heard of a startup in Bangalore called SligMedia which released its product called SlingBox which is a huge hit in the US market this year. A simple concept but executed really well.
And yes, India does have a huge market in the telecommunication, home appliances and consumer electronics. The catch is we need to identify the right product that will become a hit.
My opinion is that from the basic students in india are not trained in that perspective(giving work for thier brain), it is slowly changing now but yet a long way ahea!!!!!!!!!!!!!!!
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