A Startup is an action or process of setting up a new venture. Startups are early stage technology development projects that transform an invention into an innovation. They are working towards innovation, development, deployment, and commercialization of new products, processes, or services driven by technology or intellectual property. In India an entity will be identified as a startup till five years from the date of incorporation and also if its turnover does not exceed Rupees 25 crores in the last five financial years.
This word Startup can be heard again and again now a days as it indicates sudden rise of a new breed of innovators who all want to change the world through their creation and make a big difference in society by their innovative ideas and alogrithamized technology. They are not smarter than rest of us and don’t have access to a special part of the brains, they just do things differently. Most of the Startups spot the opportunity while most of us never think about it. Their will to seek opportunity and finding solution through their innovative ideas in day to day problems make themstand apart, whereas most of us crib on making things possible.
Startups success depends upon channelising the resource in the right direction and for resolving this issues one must have a good working environment. Business centres or Coworking spaces in Gurgaon have come up with the solution to such problems which help relieving the Startups with high rentals, productive environment and great infrastructure at low costs. People who have joined such community of coworking spaces or so called shared office space can feel the difference in their productivity. Coworking centres have given Startups new idea of flexible working, socialising and affordable office spaces with world class amenities. These spaces inspire people, as socialising is the key factor of motivation.
A Startup word is still new to the population of India. Addressing an entity as a startup gives a vague impression to people. The social and legal acceptance of the Startups by the society in terms of geographical boundaries and cultures are concerned, Indian cities do not fall in the list of top 10 cities in the world where a lot of Startups are making news daily all over the world. India is believed to make entry in top 10 lists by 2020.
Top ten cities in the world that have the highest no. of Startups registered every year:
1. Silicon Valley
2. Tel Aviv
3. Los Angeles
5. New York City
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