Startups & Innovation - UPSC Key Notes, Questions & Top 15 MCQs
A startup is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to market. By its nature, the typical startup tends to be a shoestring operation, with initial funding from the founders or their friends and families. These ventures are designed for rapid growth and scalability. India has emerged as the third-largest startup ecosystem in the world, boasting over 100 "Unicorns." This entrepreneurial wave is driven by digital infrastructure, a young demographic, and supportive government policies. Startups are no longer just business ventures; they are the engines of job creation and technological innovation in the modern economy. How is the topic "Startups & Innovation" Useful for UPSC & other exams This topic connects to GS Paper III (Indian Economy & Employment) and Essay writing. For Prelims, details on schemes like Startup India, SISFS, and te...