Is the India startup scene getting ready to pop? I’m starting to think so.
I just got back from a fact-finding tour to Bangalore for the Analog Garage, and I have to say that I was impressed by what I found. The startup climate around universities, where the Analog Garage likes to focus, seemed healthy – and far more active than it was even five years ago.
I was pleasantly surprised to see the culture changing to be more entrepreneurial. Not long ago, most engineering graduates hoped to land jobs at large, well-established tech companies. At the top schools we visited, like the Indian Institute of Science in Bangalore, we saw a lot more engineering students who hope to start their own company after graduation. Part of that, I think, has to do with the success of Indian startups like Ola, Flipkart and Snapdeal. Those have really helped fuel the entrepreneurial spirit in India. There are over 100 startup incubators and accelerators in India with 20+ just in Bangalore, often called the Silicon Valley of India.
A lot of the startup activity I saw during my tour focused on uniquely Indian problems. Like medical devices that are designed to be very low cost so that smaller, more remote hospitals can afford them. And testing equipment that takes into account dusty environments and unreliable power distribution.
We also saw opportunities to leverage innovations that the Analog Garage is shepherding in other regions. With 1.2 billion people, India has great potential to expand the market for those innovations.
Stay tuned for more from the Analog Garage as we begin to ratchet up our activity in India and other regions around the world! And please feel free to connect with me via LinkedIn.