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Extended Summary:

Can India produce global start-ups?.

But we are yet to see a truly global start-up, such as Google and Facebook, that would capture the imagination of users and markets across the world..

In the current, relatively lukewarm year of venture investing in India, central and state governments are falling over each other to unveil start-up policiesproviding subsidies, tax holidays, grants, incubation spaces, and easy exit routes.

One of the requirements for a truly global start-up is to offer value to consumers worldwide.

Global start-ups go from nothing (zero) to something (one).

Then, other start-ups follow this business model, i.

In India, unfortunately, most start-ups fall under the second category.

There are quite a few lessons to be learnt from some of the global start-ups that have changed our landscape.

We develop this argument using examples from the German Mittelstand and Hidden Championsmedium-sized firms from Germany that are global market leaders.

There is a vast difference in the business environments of the two countries, and therefore making a direct comparison may not be advisable.

Much of this is available in India on web portals of the government, such as Startup India.

State support in India is bureaucratic, though methodical.

Third, there is a need for start-ups to be creative in responding to the need of the hour.

Start-ups that solve these problems by designing disruptive solutions can unlock the large domestic market.

This requires start-ups to be lean and agile in their approach to converting ideas into commercial ventures.

In sum, the ability to leverage ecosystem support and designing innovative solutions can help Indian start-ups make a mark on the global stage.

Amit Karna is a member of the faculty at the Indian Institute of Management Ahmedabad (IIMA) and the chairperson of the Centre for Incubation, Innovation & Entrepreneurship (CIIE).

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