Google Cloud has suggested creating a Startup Hub and Centre of Excellence in Madhya Pradesh, according to Chief Minister Dr. Mohan Yadav. The purpose of this initiative is to train locals to become tech professionals. Continuing on this positive trajectory, the Chief Minister also announced that proactive discussions have been started with Hindustan Aeronautics Limited, the esteemed maker of the Tejas fighter aircraft, regarding the establishment of a defense-related industry in Madhya Pradesh. This endeavour is expected to produce encouraging outcomes.
Also, NVIDIA has proposed making Madhya Pradesh the “Intelligence Capital of India” by drawing up plans to promote the state.
Promising investment ideas totalling around Rs 3,200 crore were received by the state of Madhya Pradesh during the Invest Madhya Pradesh interactive session that was held in Bengaluru. The investments are expected to boost the economy of Madhya Pradesh and provide approximately 7,000 new job opportunities.
According to Chief Minister Dr. Yadav, the event was a huge financial success. While pointing out the similarities in the corporate landscapes of Madhya Pradesh and Karnataka, he emphasised the close fraternal relations between the two states.
Trade, business, and industrial operators from the neighbouring state of Karnataka were encouraged to investigate expansion potential within Madhya Pradesh through the Invest Madhya Pradesh program organised in Karnataka. By working together, the state is demonstrating its dedication to promoting synergies across different regions and attracting investment through its advantageous position and laws that are attractive to investors.
Strengthening of Links Between Karnataka and Madhya Pradesh
At the forthcoming Regional Industry Conclave in Gwalior on August 28, Chief Minister Dr. Yadav will make sure that the beneficial outcomes from the investment proposals received during the Bengaluru session are clearly shown. He explained that in order to entice investors to Madhya Pradesh, the state government had planned to travel to other states and meet with business owners and industry leaders face-to-face. Further, he hoped that the growing linkages between Madhya Pradesh and Karnataka will keep growing and strengthening, leading to better economic ties and synergies between the two regions.
More Than 500 Big Players Likely to Invest in MP
A statement from the Directorate of Public Relations, MP, states that talks between the state’s IT development and top IT companies like NASSCOM, Infosys, Cognizant, TCS, Happiest Minds, SAP, etc., as well as representatives from the space technology sector, are expected to produce positive outcomes. According to the statement, about 500 individuals from Karnataka and the neighbouring states took part in the programme that concluded recently.
More than thirty prominent businesspeople, including representatives from Lapp India, Reliance Consumer, DHL Global, Tech Mahindra, Microsoft, Kaynes Technology, and Kirloskar Systems, met one-on-one to discuss the roadmap for future investment in the state.
A nascent stage startup is no different from a toddler—it needs to be nurtured with utmost care and conditioned for tackling the challenges that lie ahead. To provide this grooming, several cities in India are preparing themselves for incubating and bolstering entrepreneurial ventures.
The global buzz surrounding the startup mentality has made it more important than ever to create a breeding ground for innovation and creativity, and it’s great to see that India is also taking this seriously. This has given rise to a number of startup hubs across the country, with the quantity increasing continuously.
There has been a paradigm shift when it comes to the importance of 9 to 5 day jobs. Although many Indians still prefer such jobs over conceiving new ventures, some studies report that the number of startups in India has grown over 7 times in the recent decade. Are Indian’s ditching the traditional conception of employment? Quite likely a yes.
According to the reports, the number of Indian startups in 2008 lingered at around 7000. A 2018 study estimated approximately 50,000 startups in existence across India. The startup culture in India has seen tremendous growth. According to a 2021 Global Startup Ecosystem Index by Startup Blink, three cities in India, Bengaluru, Delhi and Mumbai ranked among the top 20 cities globally.
If one was to single out a specific brand or entity that paved way for entrepreneurship in India, it would be Zoho. Then known as AdventNet.inc, Zoho offers productive tools (Document processing, etc.). It began in 1996 and amplified the “startup” trend in India.
Here is a list of some of the best cities for startups in India that are providing startups and initiatives to the pedestal to grow and make name for themselves. With the penetration of more international tech giants, most of these cities are changing into the IT hubs of India.
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Bengaluru, once known as the startup capital of India before it was dethroned by Delhi which added 5000 startups against 4,514 in Bengaluru from 2019 to 2021.
Bengaluru has been the womb to big shots like Ola and Flipkart. The city houses various technical and analytical firms, an enticement for budding and established entrepreneurs.
Rightly christened as the Silicon Valley of India, Bangalore is the perfect amalgamation of the corporate lifestyle and vibrant social life. Home to the country’s top technical and managerial institutions (IIM, Bangalore and IISC) and a strong industry connection, there’s no shortage of opportunities in this city. It is known as the best city for startups in India.
Even freelancers across the country have an inclination towards working out of Bangalore; such is the lure of the city. Other countries are becoming cognizant of the strategic significance of this south Indian city—large organizations are adamant about having at least one of their offices in Bangalore. This creates an extensive network highly beneficial to ventures and initiatives seeking support and guidance.
On the other hand, startups based out of Bangalore are expanding their operations and services beyond India. With the city in dire need of renovation and re-modelling (lack of space and water issues being some reasons for worry), the inevitable transformation of Bengaluru will open up new avenues for entrepreneurs. The city is also among the top IT startups in India.
Delhi
Delhi City
Delhi, the startup capital of India is the center of India that commands the respect of its own, Delhi is the seat of political power and this lends a greater hand to the startup ecosystem flourishing there. Having a stronghold in telecommunication and media, Delhi has been a destination for various entrepreneurship-related meetups and conferences, with the Government of India promoting and publicizing a majority of these events.
The close vicinity to Delhi has enabled both Noida and Gurugram to establish themselves as startup hubs. A trade and commerce place historically, Delhi has seen the rise of tech startups such as Hike and Paytm, food tech startups like Zomato, and Shopclues belonging to the e-commerce segment.
With booming infrastructure and ease of business, Delhi is counted among the top cities for startups in India where foreign behemoths like Samsung are exploiting Noida and Gurugram to the fallest; Samsung recently opened the “world’s largest mobile factory” in Noida. These regions entail a huge potential for growth along with a thriving network of investors and entrepreneurs. The presence of centres of excellence like IIT, DU and IIFT (to name a few) means there’s no shortage of expertise.
Hyderabad
Hyderabad City
Traditionally known as the city of pearls, this city in Southern India is witnessing a rise in foreign investments and the number of successful startups blossoming on its land. Hyderabad can be called the second IT hub of India after Bangalore.
With many international giants like Microsoft, Google, and Uber setting up their offices in Hyderabad, the city is slowly yet steadily catching up with Bengaluru as a startup hub. Top institutes like ISB, IIIT, and BITS being located in Hyderabad is icing on the cake—alumni from these places are directly incubating their ventures in Hyderabad.
The support from the State Government has encouraged entrepreneurs to make the best out of unrealized opportunities Hyderabad has on offer. The State Government is vesting time and money in organizing and setting up conferences, hackathons, state initiatives, and development centres—everything geared towards making Hyderabad synonymous with entrepreneurship. It is even slackening on policies and procedures to showcase the city as a favourable incubator!
Mumbai
Mumbai City
The city of dreams, also the home to some of the world’s wealthiest businessmen, has only recently been dethroned by Bangalore when it comes to India’s favourite startup destination. Mumbai is still the first choice for anyone who is into non-technical startups as it is India’s financial capital.
One of India’s most recognized institutions, IIT Bombay has been instrumental in cultivating the startup ecosystem across the nation, being the birthplace of many wildly successful startups. Moreover, alumni from this esteemed college have gone on to make name for themselves across countries through their initiatives. It’s a proud feeling to say that many globally recognized brands are the outcomes of the toil put in by IIT Bombay grads and post-grads. It is among the best cities for startups in India.
BookMyShow, JustDial, and Cleartrip are only scratch the surface of the plethora of startups to have emanated from this sea-facing city. With conglomerates like L&T and Tata group setting up their offices in Mumbai, the financial hub has seen a steep growth in the economy, employment, and business. But the rising cost of living and real estate in Mumbai has caused a few unicorn enterprises such as Ola to shift base. In spite of such issues, Mumbai will continue to dominate the entrepreneurship segment, come hell or high water.
Emerging Startup Cities in India
With big cities gradually losing their shine and attraction, many emerging startups are focusing on tier 2 cities for growth and sustenance. Some cities have seen a surge in entrepreneurial activities and have made it big in the last 3-4 years. Some of the emerging startup cities in India are:
Ahmedabad
Gurugram
Pune
Chennai
Kolkata
Nagpur
Chandigarh
Indore
Goa
Bhubaneswar
Lucknow
Surat
The Government setting up a tech park called GIFT City in Ahmedabad-Gandhinagar, Pune becoming a smart city, and Chennai emerging as a host to entrepreneurial discussions and events—smaller cities are gaining traction. Cheap land rates, low cost of living, remarkable talent yet to be utilized, and lucrative government policies have made these cities the future of the Indian startup ecosystem.
FAQ
Which city has the most startups in India?
Delhi has dethroned Bengaluru and now ranks in the first position for the most number of startups in India.
Which city is known as the startup capital of india?
Delhi is known as the startup capital of India.
Which is the best city for startups in India?
Some best cities for startups in India are Bengaluru, Delhi, Mumbai, Gurugram, Hyderabad, Noida, and Pune.
What is the best city to start a business in India?
Mumbai, Delhi and Bengaluru are some of the best cities to start a business in India.
Israel is one of the brightest startup hubs around the world. When we think about technology or startups, our minds venture to the Silicon Valley of North Carolina, the cradle of some of the major world’s startups like Facebook and Apple. However, what many are not familiar with is the fact that Israel is also counted among the world’s top startup hubs.
It has a high level of entrepreneurship and numerous great, innovative minds. According to the recent records, Israel has more than 3p technical companies whose round off is over $1 Billion.
As per facts, Israel has the highest number of startups per capita across the world. Furthermore, Israel provides all kinds of facilities required for the beginning of startups such as investors, accelerators, incubators, funding, and every other resource. With its systematic outlines and resources, Israel has become an enormous startup hub.
Israel has won several expansions and acknowledgment for its incredible growth over fintech, cybersecurity, and artificial intelligence. Since the year 2017, Israel has been raised to 17% in the net value and proceeds. In this article, we present you with some of the top startups available in Israel that are proven to be an absolute success. Let’s get started.
Founder – Daniel Koppel, Raviv Itzhaky, Shimon Shpiz
Founding year – 2014
Annual revenue – $9.6 million
Prospera Website
The very prominent agricultural technical based startup, Prospera Technologies, work together with artificial intelligence and substantial data. It analyzes and studies its customer’s farming data to improve and optimise the greenhouse production system and digital farming methods.
Prospera Technologies also works to improve the quality of row crops with varying irrigation levels and further steps to automatize the management of crops.
Waze
Founder – Ehud Shabtai, Amir Shinar, and Uri Levine
Founding year – 2008
Annual revenue – $37.7 million
Waze Website
The GPS navigation app Waze was an Israeli startup when it was acquired by Google in a whopping 1.1 billion dollars deal in 2013, one of the biggest Google acquisitions. Waze didn’t receive much appreciation in the beginning, but it ultimately found its way to success. People didn’t even consider Israel for building a consumer brand that would thrive. However, Waze proved its ability, and now it leads several other brands for this purpose.
Tailor Brands
Founder – Nadav Shatz, Tom Lahat, Yali Saar
Founding year – 2014
Annual revenue – $52.7 million
Tailor Brands Website
The very distinguished in-demand service, Tailor Brands is an automated logo and branding-based startup. It aims to support small businesses with their branding needs and offers tailor-made branding and logo design services to fulfill them.
Tailor Brands is famous as the world’s first AI-powered branding and logo design platform, which also leverages other cutting-edge technologies like Big data.
Guesty, the well-known company for property management simplifies the aspects of the basic requirements of these companies. It works by offering certain deals and solutions that are necessarily required for short term rental businesses.
It has scored pretty well in the market and has raised more than $25 million and ready to reach more heights with its developing strategies and funding through appropriate sources.
Perimeter 81
Founder – Amit Bareket, Sagi Gidali
Founding year – 2018
Annual revenue – $24.7 million
Perimeter 81 Website
The promising technology-based startup, Perimeter 81 strives to improve the network security for its customers. The company offers a range of services to its customers that helps them easily access their network with added Cloud security, mainly for the network environments, on-site resources, and different SaaS applications.
Perimeter 81 believes in the modernization of the networks. Furthermore, it also concentrates on making connectivity a secure option for smooth and easy corporate access through several VPN features.
Tomorrow.io
Founder – Shimon Elkabetz, Rei Goffer and Itai Zlotnik
Founding year – 2016
Annual revenue – $31.7 million
ClimaCell or Tomorrow.io, the name which the Israeli startup was rebranded in April 2021, is a Weather Intelligence Platform founded in Israel in 2016. The startup, which now has its headquarters in Boston, Massachusetts, United States, is based on weather technology that works by blending data from the Weather-of-Things with the help of the cutting-edge technologies of the present. This data is extracted from different sources such as connected automobiles, cell towers, and methods of traditional weather data.
Tomorrow.io looks after plenty of companies of different genres such as industries of sports, aviation, logistics, drones, construction, energy, and many more. The report from Tomorrow.io ensures improved operations, minimum risk of weather-induced disasters, and maintaining safety around the workplaces. Tomorrow.io has always been well-known for its work and is counted among the leading startups.
OrCam
Founder – Prof. Amnon Shashua and Mr. Ziv Aviram
Founding Year – 2010
Annual Revenue – $10 million
The very prominent startup, OrCam is built by the same person who developed Mobileye (driver visual assistance startup based in Jerusalem). OrCam works with the technology to help visually impaired or blind people. It invented a wearable device, MyEye 2.0, which provides audio for blind people, which enables them to perform independently. OrCam is a unique and promising startup that always results in bringing innovative products and services, capable of ushering a benevolent future guided by technology.
Intuition Robotics is a Raman Gan-based company that looks after the development of social tech companies to enrich the lives of older people. Intuition Robotics is widely known for ElliQ, a part-table computer, and part-robot, designed to empower senior citizens and let them not feel lonely. The friendly table robot suggests interesting digital and physical activities to the elderly people and urges them to take part in them in order to stay active and engaged with their friends, family, and with life overall. Intuition Robotics works with the brightest and most innovative minds on several missions and projects and leaves a great impact on society.
MyHeritage
Founder – Gilad Japhet
Founding Year – 2003
Annual Revenue – $133 million
MyHeritage is a famous online ancestry platform that provides you with the facility to upload photos, create family trees and search historical documents. It was founded by an entrepreneur and genealogist Gilad Japhet in 2003. He began his career from a small room in Bnei Atarot, a rural moshav. MyHeritage is a self-funded startup and was widely recognised, which is why it was acquired by the leading private equity firm, Francisco Partners in February 24, 2021.
Fiverr
Founder – Micha Kaufman and Shai Wininger
Founding Year – 2010
Annual Revenue – $189.51 million
Fiverr Website
One of the biggest freelance service marketplaces in the world made for entrepreneurs Fiverr provides freelance employment to many entrepreneurs at varying rates across the globe. Fiverr is now used by around 850,000 freelancers and 5.5 million businesses across 160 countries. The company has its headquarters in Tel Aviv-Yafo, Israel, and has already witnessed a global expansion, always gearing up for more.
Flytrex
Founders – Amit Regev, Yariv Bash
Founding year – 2013
Annual revenue – $2.06 million
Flytrex Website
The very prominent Tel Aviv-based startup, Flytrex is an on-demand delivery service provider that leverages the power of drones to fuel its deliveries.
Flytrex helps its customers deliver food and other goods and parcels of various kinds without any hassles. With the unique concept of the aerial route, the company extends great service to the customers and also saves their time per delivery. It has been really amazing with its job and garnered huge appreciation and accolades from the customers.
Brayola
Founder – Jon Medved
Founding year – 2013
Annual revenue – $2.2 million
Brayola is an online lingerie retailer-based startup founded by Orit Hashay, the serial entrepreneur who founded Israel’s second most popular wedding services review site, Mit4Mit, and Ramkol, which are known for their great services to the customers. The company helps its customers discover bras that fit them better. The bra analyzer and extractor used by Brayola helps in the identification of bras based on size, style, color, price, materials, purpose, quality, and attributes. Therefore, now women around the world can shop from a wide range of bras that need no altering and/or resizing.
Cato Networks
Founders – Gur Shatz, Shlomo Kramer
Founding Year – 2015
Annual Revenue – Around $50 million
Cato Networks Ltd is a Tel Aviv-based cloud computing and information security startup. The company helps its customers avail of the highly-secure, cloud-based SD-WAN, which is integrated to its security platform embedded into a cloud-native service. With its significant offerings, Cato Networks seamlessly connects business locations, individuals, with the data it collects. As a result of this, Cato helps businesses improve their network performance, cut costs, enhance the security of their internet connections, and integrate their mobile users into the WAN along with the cloud data.
Gong.io
Founders – Amit Bendov, Eilon Reshef
Founding Year – 2015
Annual Revenue – $120 million
The AI-powered software startup, Gong, started in 2015 in Israel and eventually expanded to the US, where the company has now established its headquarters. The company uses its cloud-based AI platform to help the sales teams of other companies to record conversations automatically and get written transcripts of the records. Empowered with advanced AI technologies, Gong is a boon to the sales teams of now.
AccessiBe
Founders – Dekel Skoop, Gal Vizel, Shir Ekerling
Founding Year – 2018
Annual Revenue – $5.5 million
AccessiBe is one unique startup from Israel. Founded in 2018, the Tel Aviv-based startup aims to make the internet a navigable place for the persons with disabilities. The contextual AI that the company leverages, helps them to scan the web pages in much the same way as a non-disabled person would, which would then be converted in an easy and readable format to the user’s screen reader for those with visual impairments. Furthermore, the UI offered by AccessiBe will help those with visual impairments to adjust the UI of websites that they frequently visit. All of these would thus be perfectly suited to their needs.
Conclusion
Israel has been nurturing a world of promising startups. Many of these companies are business-to-consumer startups, which are relatively innovative and bring in a whole range of possibilities for the customers. This is because Israel procures a community to support and offers proper infrastructure and other facilities required for the growth of these startups. Furthermore, it also supports the passion and innovative minds of the people who brainstorm and found startups. Besides, it also provides FB groups for the entrepreneurs and investors of business-to-consumers companies and more.
Israel is a hub of some of the most innovative minds of the generation, propelled by proper support and facilities, thereby helping them grow successfully and with great results. This StartupTalky article has covered the top startups of Israel that have garnered success from all parts of the world.
FAQ
Is Israel great place for startups?
Yes, Israel is a great country for startups. It has the largest number of startups per capita in the world.
How many startups are there in Israel?
There are around 6000 active startups in Israel.
How many unicorns are there in Israel?
There are over 65 unicorns already in Israel so far in 2021.
Dev Gupta
