Incubation is important for Startups
20-12-2023
Entrepreneurship is a challenging career, specially if you do not have business experience or financial education. So the idea to start a business looks lucrative though its not impossible but difficult to make it a success without any help. Getting the help to grow the business with systematic approach and financial knowledge along with other business parameters every entrepreneur needs the support of an Incubation center.
Startups does not mean a business which is just started but it also includes some businesses which are upto 5 years old. Incubation typically means giving support to a new business who needs not only the funds but also mentorship from experience professionals in every different aspects of business. Usually startup incubation centers for startups are designed to provide them with workspace, mentoring, training and seed funding.
Do you know why 90% of the startups fail (globally) ? As every startup is initiated by a an entrepreneur who has thought of a product or service from his point of view without any market research and would be facing many difficulties like lack of product market fit, competition of MNC’s, marketing problems, team problems, financial problem, tech problems, operational problems, legal problems an many more. To over come this problems some startups can get initial guidance from industry professionals with knowledge about their respective fields or some startups can join any incubation center for professional support.
As per the stats, today in India, there are approximately 80% of startups have not made it in last 5 years approximately with a number of 127500 startups fail every day. Still the success rate of startups in India is much higher as compared with global market i.e. number of recognized startups in 2016 was 452 where as the number have increased to 80,012 in 2022. This clearly defines the support that any India startup gets through various mediums.
To boost this startup journey in India there are several incubation centers online and offline available and also may industry professionals work as a consultant to a startup. We at Funding Musketeers have tried to be innovative in helping startups with a team of industry professionals from different fields that every startup needs i.e. Finance, Funding consultant, marketing planning, business strategy, technology, operations, production and many more. We create a group of people who belongs to above mentioned profession under the name “Funding Musketeers” and help the startup against low equity.
As we at Funding Musketeers understand that there are various startups who are not yet recognized neither have reasonable funds to share for getting any expert industry professional. Even they may have lost any opportunity to be selected in any incubation center or do not have any funds to be a part of paid incubation center. Startup facing any above issues does not mean that their product or service is not up to the mark but its just about getting the right opportunity at right time. So here is the solutions for every startup for getting the best mentorship or seed funding from Funding Musketeers.
– Jigar K. Parekh I Founder Funding Musketeers
Entrepreneur – Startup Counselor – Investor – Author – Psychology Counselor – Hypnotherapist – Business Coach –