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Do Startups In India Lacking Creativity & Innovation?

October 10, 2019, by Abhishek Dutta
Do Startups In India Lacking Creativity & Innovation-min.jpg

I would like to start this topic about startups in India lacking creativity & innovation by, rephrasing the sentence “The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make another Google. And the next Mark Zuckerberg won’t create another social network. If you are copying these guys, you aren’t learning from them.”- Peter Theil. Co-Founder, Paypal.

Blast from the Past

Any generation except our parents and grandparents, that is, in the late 1970s, expected this progress to grow and continue.

They looked forward to a four-day workweek and energy too cheap to meter. Vacations on the moon. But it didn’t happen.

The smartphones that distract us from our surroundings also distract us from the fact that the future

—they were only wrong to expect it as something as Flying Cars.

Today our challenge is to imagine and create new startups that can make this century more prosperous

Startups in India

Let’s look at the few startups that have been in the industry dominating since early 2012 are Uber, Airbnb, WhatsApp, Zomato, etc.

These American Startups now billion-dollar companies have revolutionized the use of technology towards a great cause but these companies’
ideas have been copied by Indian entrepreneurs for starting new companies like Ola, Hike, Swiggy

these are just the mirror image of these American startups.

Lacking Innovation and Creativity

Indian entrepreneurs lacking innovation and creativity towards building and launching new products that are fully based on a new line of business.

They have to invest in the difficult task of creating new things or else companies will fail to survive in the future no matter how big their profits remain today.

Unlikely as it sounds, Do you remember the crisis of 2008?

New things cant survive until you try, You have to try and fail and with that failure comes experience and with that experience comes future success

Indian entrepreneurs need to learn how to build companies that create new things. And to contribute to the betterment of startups in India

It draws on everything I’ve learned directly from a co-founder of PayPal and Palantir and then an investor in hundreds of startups, including Facebook and SpaceX.
But while I have noticed many things, and I can relate them here, with all my experience.

Mr. Theil is an idol to me and I must say we need to have a greater vision in order to thrive in today’s time.

What’s a Startup?

A startup is a certain group of people you can convince to build a different

A new company’s most important strength is new thinking: even more important than money and small space can afford to think.

This is all about How one can succeed in the business of doing new things: what follows is not manual or automatic in the way of doing things. you just have to rethink things, before executing the plan you built. This is just the start and there is a long rocky road ahead of you.

Because that is what every startup has to do REceive Ideas and REthink business from scratch.

The youth of India for Creativity & Innovation

We need modern thinking and ideology as industry standards in the startups in India. And the youth of India doesn’t fail to prove how creative and thoughtful they are as well as with modern ideology. As an example, Ritesh Agarwal, at the age of 20 established OYO Rooms in the year 2013. and now he is the current world’s youngest billionaire with a net worth of around 1.02B$.

Conclusion

Although most startups in India lacking creativity & innovation. There is still hope to see the best from the amazing mind of the Indian people especially the youth.
We at FastBurg, have the ideology to progress ourselves and encourage people to have a unique way of thinking. Not only thinking, But also we encourage to make those unique and creative ideas a reality. We are always eager to hear from you about your unique startup and give support to make it stand out.
 

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