Five key elements are as follows:
- Central government
- State Government
- Incubation and Accelerator programs
- Angel investors
- Startup communities
Central government plays a pivotal role in the birth of innovative ideas in the minds of Aspiring entrepreneurs as well as experienced professionals in any country. The policies it lays down and how well they are aligned to the current trends will ensure the penetration of this momentum throughout the country.
The state government has to play an anchoring role to make sure the policies created by the central government reaches the Grass root level. It is the state government who can ensure and make the presence felt of the startup policies throughout its territory by creating support centres and help the flourishing startups nurture