No Funding Winter For Startups With Good Business Models, Amitabh Kant Asserts
Amitabh Kant, a former bureaucrat and the current Sherpa of G20 (Personal representative of a head of government) said that the startups in India have evolved into a problem-solving ecosystem. Kant was speaking at the 'Startup20 Shikhar' event which started in Gurgaon on Monday, July 3. Kant further asserted that a good potential startup with a good business model will never have a shortage of funds.
The innovation and startup ecosystem is strongly positioned to find solutions to challenges facing the world today, India s G20 Sherpa Amitabh Kant said on Monday, asserting there is no shortage of funds for good startups, with strong business models. Speaking at Startup20 Shikhar event, he advocated a multi-pronged approach of fund of funds , credit enhancement schemes, and a sharp focus on good governance for a robust startup ecosystem. Indian startups have successfully demonstrated the power of population-scale solutions at low cost, he said. Kant said that there is no funding winter in startup space, and pointed to spring of capital availability for good startups.
