Page 87 - Artificial Intellegence_v2.0_Class_12
P. 87

Startups

             can the    code or visit the follo ing link to  atch the video   hat is a  tartup     tartup  eaning
            and  ypes    he  oney  ig

            https      .youtube.com  atch v  vpnr cAi s

             o, you can understand from the video that a startup is a business that is in its early stages of development. A startup
            and a regular company venture are not the same, especially  hen it comes to gro th. A startup is frequently financed
            by the founders until the business gains traction and attracts outside money or investment.
             hese days,  e hear a lot about startups being launched.
            It could be in the field of technology, health care, food,
            virtual reality, or something else.
             et us learn more about startups

            •     tartups  can  be  launched   ith  a  small  amount  of
                capital.  ost startups thrive on technological ideas
                or  offer  technologically driven  solutions.   any
                businesses  like    iggy  and   omato,  for  e ample,
                have begun to offer online food delivery.
                 hey  collaborate   ith  food  service  providers  or
                restaurants to aid  ith home delivery of food using
                a comprehensive app.

            •     tartups seek financing in a different  ay than other small businesses.  hey rely on funding provided by angel
                investors or venture capital firms,  hereas small businesses rely on loans and grants.  any Indian firms have also
                garnered funding from  orld ide investors.

            •        tartups generate a ne  idea. At the same time, they prefer to receive advice and mentoring from an e pert.  ost
                company founders  oin numerous groups on a local and  orld ide scale to receive ongoing help from e perienced
                mentors and investors.  he  overnment of India's  agship initiative,   tartup India,  aims to create an ecosystem for
                the gro th of startup businesses.

            •        he Indian states have developed startup policies. If they meet the criteria, ne  businesses in India can benefit
                from regulatory and ta  perks, capital gain e emption, and access to government funding under
                this scheme.   or more information on  tartups, visit  http      .startupindia.gov.in ).


                   Barriers to Entrepreneurship

             ntrepreneurs confront numerous obstacles on their  ourney to success.  here are several barriers that can prohibit one
            from pursuing one's passion for entrepreneurship,  hether it is lack of education or lack of financing.  ere are  fe  of
            the most prevalent barriers.

            Envir onmental B ar r ier s
             nvironmental factors are one of the most significant roadblocks for businesses.  here might be a variety of environmental
            in uences.  he follo ing are the most common ones



                          Inadequate resources         Inadequate skilled        Inadequate machinery
                             or raw materials               labour               and other infrastructure


                                                                                 E ntre pre ne uri al  S ki l l s- IV
   82   83   84   85   86   87   88   89   90   91   92