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Why Tamil Nadu should encourage startup-ecosystems – doodleblue ponders

Considering the fact that Bengaluru and Andhra Pradesh have a booming startup ecosystem, we are immediately given to think of what the startup scene in Tamil Nadu is like.

Taking doodleblue to be a part of this unnamed ecosystem, we look into what the factors are, for the state showing pusillanimity regarding setting up a fully functional ecosystem.

Startup Eco system

As per reports form the leading newspapers, we first get to know that there is insufficiency of capital and fewer incubators pose as major challenges to the growth of startups in Tamil Nadu.

As a 5 year old startup, we grew up on bootstrap funds right from the seed stage but not every bright idea has such a good fortune.

We find few to nil investors and Venture Capitalists who are whole heartedly ready to invest in startups. This presents a bleak picture especially when compared to the competitive numbers of investors and startups that strike a balance in Bengaluru and Andhra Pradesh.

Coming to this year’s latest reports from the state government, the panel wants to set up rules and regulations in order to create a fair economic system.

When we ask our entrepreneur peers, their reply to this situation is that the Government is the only capable body to take the risk and provide such an environment for startups. They also state that the necessary ecosystem to support startups is already available.

Growth of startups

The prime place for the startup idea to emanate is universities where we find 56% of incubators, indicating the important role played by universities in supporting entrepreneurship.

More than providing an education, universities and the life style prove to be perfect ground to help create novel ventures.

Technology sector has the largest network of ecosystems, both state wide and nationwide. These ecosystems are actively engaged in creating networks where entrepreneurs are in touch with advisors and investors.

The ecosystem does more than networking, providing a level ground for startups to spar with each other, weigh each other’s strengths, find skill gaps and fill them and look to scale up on an even keel.

Startup

The concept of an ecosystem has been existent for the past 5 years only but the development in Tier 1 cities has been immense.

Why Tamil Nadu is still behind, is something startups in this city must wake up to.

With bootstrapped and successful startups like Frilp, Zoho, Zarget and Lawbot hailing from this city, the field of expertise is variegated and the city is also leading the race in manufacturing, automobile and engineering.

With the growth being immense, the immediate solution for the absence of a teeming ecosystem is for startups to form one central council of startups in the state, host events, form a solid network.

The political scene in the state is volatile and more than anything else, it is only a startup that can empathize and assist another startup, at the end of the day.

Collaborator: Shruti balakrishnan

Author Bio

Tripti Chordia

Tripti Chordia

Tripti Chordia, is the CMO at doodleblue, a mobile and web app development company providing creative technology solutions to its clients. She completed her masters from Leeds in Advertising & Marketing and has worked at a few media houses prior to doodleblue.Tripti is responsible for online strategy and creative digital marketing campaigns for doodleblue.


ABOUT doodleblue

doodleblue is a boutique creative technology solutions consulting firm. Our focus is to help entrepreneurs, start-ups & businesses succeed with their technology solutions. We love working on cutting edge technologies like Augmented Reality, OCR, Google glasses, and more in the mobility space.