NATIONAL ENTREPRENEURS DAY 2023: While interacting with more than 150 startups, Prime Minister Narendra Modi last year announced the commemoration of National Startup Day on January 16 every year. As the backbone of the country and its economy, the Secretariat for the Promotion of Industry and Internal Commerce and the Ministry of Commerce and Industries have marked a whole week as National Startup Week from January 10 to 16.
He is dedicated to raising awareness of the growing business sector, as well as equipping the younger generation to make entrepreneurship their primary career choice. This year marks the second commemoration of the day.
Motivational Quotes From Business Leaders
Nishith Rastogi, Founder and CEO of Locus
National Startup Day is a reminder of the unlimited potential of entrepreneurship to create jobs, drive meaningful innovation, and enable strong economic growth to advance our nation. Being an entrepreneur myself, I am extremely grateful for the relentless support given by the Government of India to the ecosystem.
It motivates entrepreneurs to pursue relentless innovation with courage and determination. I believe that visionary government initiatives like Digital India are ideal launching pads for Indian entrepreneurs to continue to push the boundaries to make a difference.
At Locus we promote a culture of entrepreneurship and innovation for good that empowers young people within our organization to apply for and apply for patents. In doing so, we want to support them in their commitment to solving the challenges of the global last-mile logistics industry,” said Nishith Rastogi, founder and CEO of Locus.
Krutika Lal, Co-Founder and Chief Marketing Officer, Areto
The startup ecosystem has gone from skepticism to nationwide adoption in the last decade, and now we are entering a new phase of exponential growth as e-commerce, digital payments, and the democratization of data continue to shape the business future.
It has grown into a thriving community where collaboration and support are at the forefront. New designs, innovations and ideas are constantly emerging and the audience is more open than ever to accepting local homegrown startups. Together, we are growing as a unit and powering the future of entrepreneurship.
Jitendra Chouksey, Co-Founder and CEO of Fittr
Prime Minister Narendra Modi’s announcement of National Start-up Day to comprehensively support startups through ideas and guidance has brought reassurance to aspiring entrepreneurs like us. Embarking on a startup day educates people about our critical role in the economy.
The support and encouragement we have received from the government has helped us use our deep knowledge to our full potential and thereby improve public health and fitness solutions through our scientifically backed nutrition education tools and services. Worldwide.
It has also allowed us to take advantage of our indigenous resources and create employment for many people. We hope that our government will continue to support young entrepreneurs and the startup ecosystem by believing in their vision.
Chetan Rexwal, co-founder of Ekank Technologies
“The year 2022 was a year of realization for startups. On the one hand, we witnessed the rapid increase in the size of start-ups, and on the other hand, we witnessed a lack of funding due to a large “funding winter” amid declining investor confidence. The future of startups would focus more on how startups can identify issues or core areas that have remained intact from an accessibility perspective and grow them using technology sustainably.
In 2023, we can expect startups to focus more on profitability and unit economics, which is an economically sustainable and profitable business model. Unit economics will help them understand if the investment made in acquiring a customer is delivering any marginal benefit, and if so, how much and how quickly it will be.”
Harsh Pokharna, Co-Founder and CEO – OkCredit
Startups in India are playing a vital role in structuring the overall ecosystem of the country. They are expected to contribute 4-5% of GDP according to reports in the next three to five years. With over 60,000 new companies registered, the country needs a strong mechanism to enable growth and acceleration in the overall startup ecosystem.
National Start Up Day is a testament to the strength that the ecosystem brings to the nation. It showcases and celebrates the tremendous talent that India has to offer, and this is of the utmost importance. We also believe that the year 2023 will see many companies run by women.
By taking a digital-first approach, startups offer unique solutions to tough problems across industries. Technology has been used creatively to support businesses, improve processes, and streamline operations. By generating several new job opportunities and revolutionizing many industries, the ecosystem has helped us penetrate virgin regions with innovative technology.
The Startup20 initiative announced during the G20 initiative is a step in the right direction to facilitate the necessary collaboration. Although we have marked a significant seventh anniversary of the Start-up India initiative, we still have a long way to go and the intentions and actions of the government to do so are encouraging. It is also essential that start-ups collaborate and seek guidance and mentoring from other experienced entrepreneurs.
Manu Rikhye, Partner, Merak Ventures
The startup ecosystem, in 2022, was a major driver of economic growth in India with entrepreneurs solving global problems while building in India. India has developed a rich start-up ecosystem with policy support, investor attention and enthusiasm for innovation. At the same time, Bharat has been an untapped and underserved space when it comes to the startup ecosystem.
The pandemic forced this to change, and tech talent was forced to return to their hometowns, which are predominantly tier 2, 3, and 4 cities. Having worked in startups, with the knowledge and relationships to build businesses and attract capital, led to an increase in the number of entrepreneurs in these cities. Today, Tier 2 and Tier 3 cities are home to almost 50% of the recognized startups in the country, demonstrating the fact that there is a huge opportunity in these regions. Jaipur, Ahmedabad and Indore alone registered 45 deals in 2022, compared to a total of 39 deals from all tier 2 cities in 2021.
Entrepreneurs who are solving real problems will naturally gravitate towards Bharat, and metropolitan markets will witness increasing saturation. A recent BCG report revealed that 50% of online shoppers are in small cities and it is projected to reach 60% by 2030.
Solving local problems and providing solutions at scale in various sectors such as healthcare, education, local produce, agriculture, etc. has also been a great help to the growing number of startups from these parts of the country. With the upcoming rollout of 5G, connectivity in Tier 2, 3 and 4 cities will improve, opening the door to tremendous growth potential for start-ups.
Here are some quotes and wishes that you can share with the leaders of tomorrow:
- “Chase the vision, not the money; money will end up chasing you.” –Tony Hsieh, former CEO of Zappos
- “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you think is great work. And the only way to do great work is to love what you do.” –Steve Jobs, Co-Founder, Chairman and CEO of Apple
- “Don’t worry about failure; You only have to hit once.” –Drew Houston, co-founder and CEO of Dropbox
- “Any time is good to start a company.” –Ron Conway, Leading Startup Investor, SV Angel
- “I knew if I failed I wouldn’t regret it, but I knew the only thing I might regret is not trying.” –Jeff Bezos, founder and CEO of Amazon
- “Your most dissatisfied customers are your greatest source of learning.” –Bill Gates, Microsoft founder and former CEO
- “I think it’s possible for ordinary people to choose to be extraordinary.” – Elon Musk, founder, CEO and lead designer of SpaceX
- “If Plan A doesn’t work, the alphabet has 25 more letters.” – Claire Cook, author
- “A small business is an incredible way to serve and leave an impact in the world in which you live.” – Nicole Snow, Wall Street Journal and USA Today bestselling author
- “A great business starts small.” – Richard Branson, English business magnate, investor, author, and philanthropist
wishes to share
- On this National Startup Day, best wishes for your new business. May this business grow and bring success to your life.
- Congratulations and good luck with your new startup this National Startup Day. I wish you all the success in your new venture.
- This National Startup Day, I want you to know that you have all the qualities to become a great business person. I only have good wishes for you as you are ready to enter a new world of success!
- People like you who are honest and hardworking can really change the bad business practices of today’s world. I wish you all the best for your new venture!
- Work hard to earn money and be honest to earn people’s respect. These are the two qualities that will take you to the top. Good luck with your new business!
- Your new business venture is a bold step toward your dream. I admire you for that. I wish you more power and passion to achieve your goals this National Startup Day.
- I send my best wishes for your new business. I hope this business brings you much success and fortune.
- This National Startup Day, no doubt good luck to you as you transition to the next stage of your life. You will continue to be successful in all areas!
- I have always believed that you were destined for greatness. Good luck with your new business.
- The journey you begin today has many opportunities and many risks, but as long as you keep faith in yourself, nothing can stop you from moving forward. Always overcome your limitations and give your best. On this National Startup Day I want to wish you all the luck in the world.
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