Mechanism to track progress of start-ups
News:
What:
- It is a proposed mechanism to track the progress of start-ups.
Why:
- A progress-tracking mechanism becomes necessary as the number of startups has increased to >1 lakh.
How:
- Factors identified as adversely affecting the sustainability of startups:
- Lack of innovation
- Lack of skilled workforce
- Lack of funds
- Need an exercise to assess whether a ‘unique ID’ could be assigned to the startups for effective monitoring.
- This could be especially implemented focusing on those startups receiving technical and financial support from the government.
