Startup Issues [Insights from Assam, India]

In order to reduce unemployment and eventually promote economic growth, the nation must prioritize the needs of entrepreneurs. Startups are going to encourage entrepreneurship and economic development in the nation. Businesses encounter many obstacles and problems, but they also assist people become more employable and give others opportunity to find job. The largest crisis for a startup is raising capital for a new product or process. Getting funding for a novel product or process that revolutionizes our way of life is the main crisis encountered by recently founded businesses. Startups usually have a hard time convincing investors to support their ideas because they are too busy creating new products or processes. The role of the government in assisting start-ups is crucial in any economy. To support entrepreneurs with their problems, the federal government and state governments have introduced a number of programs and initiatives. The goal of government policies is to facilitate the growth of startups and support businesses that use design and innovation to succeed. This paper discusses some of the issues faced by the startups.