RSF 2016: Trends in the Startup Ecosystem in the Last 10-14 months

The Rajasthan Startup Fest 2016 at JECC gave a platform to connect startups and aspiring entrepreneurs with mentors, investors, other entrepreneurs and incubator programs that can help them grow.

During the event, Samir Shah, who has a 25+ years of experience in investment, shared about the trends he has seen in the startup ecosystem in the last year or so and the learnings he has devised on the basis of hearing so many startup ideas and stories over the years.

A full house at the RSF 2016 as Mr. Samir Shah, Sattva Investment Advisors, takes on the stage.

Shah says that there are some 900+ companies working here today.

1. Over the last 10-14 months the focus of startups has turned to customer stickiness. Entrepreneurs are focusing on building ventures that focus on keeping their customers for life long. Anyone who comes to them once shouldn’t go back anytime.

2. Shah also told that while tech startups will still be an anchor to the startup ecosystem, non-tech startups are also coming up and doing good. They are too making a place of their own. So, even if you have a non-tech idea, there are chances you can make things work for your startup idea and make it grow.

3. The government support to startups is increasing day by day. There used to be a time when government had nothing much to do with entrepreneurs or startups. But now the Rajasthan government is encouraging entrepreneurs with its various incubation programs like Startup Oasis and the startup events like Rajasthan Startup Fest, which help in giving exposure to entrepreneurs and making them meet mentors and investors.

4. Also, the focus is shifting from building a consumption driven economy to a conservation driven economy as we want growth but not on the cost of ill effects to the environment.