What developing countries can learn from India's entrepreneurship ecosystem

People take a picture outside T-Hub in Hyderabad, India. Photo by: TEDx Hyderabad / CC BY-NC-ND

HYDERABAD, India — India’s largest technology incubator — only 2 years old — is launching its first 90-day accelerator program, thanks to a new Microsoft partnership.

The Hyderabad-based T-Hub has already seen hundreds of startups pass through its doors, and plans to welcome the first 10 startups to the new accelerator program in February, connecting those entrepreneurs to new revenue sources and helping them assess shortcomings in their distribution channels, according to T-Hub CEO Jay Krishnan.

T-Hub’s quick success and now global reach involving corporates, investors, and academia is just one recent example of India’s leapfrogging entrepreneurial ecosystem. While the vast South Asian country has been seeing an increasing number of startups over the past five years, sectors such as fintech are now growing so rapidly in India that developing and developed nations alike are taking note.

Much of today’s digital transformation can be traced to government-led regulation and policy shake-ups under tech-minded Prime Minister Narendra Modi, “whose only agenda is reform,” according to Krishnan, and who launched Startup India in 2016 to boost bank financing and slash taxes for startup ventures.

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    Kelli Rogers

    Kelli Rogers is a global development reporter for Devex. Based in Bangkok, she covers disaster and crisis response, innovation, women’s rights, and development trends throughout Asia. Prior to her current post, she covered leadership, careers, and the USAID implementer community from Washington, D.C. Previously, she reported on social and environmental issues from Nairobi, Kenya. Kelli holds a bachelor’s degree in journalism from the University of Missouri, and has since reported from more than 20 countries.