Challenges Faced by Hi-tech Start-ups and Early Growth Stage Firms in their Growth Trajectory

Wadhwani Foundation commissioned Bureau of Research on Industry & Economic Fundamentals (BRIEF) to conduct a survey on the challenges faced by Hi-tech start-ups and early growth stage firms in India. The study was sponsored by the Ministry of Micro, Small & Medium Enterprises (MSMEs).
The aim of this project was to identify and analyze various challenges faced by high-tech start-ups and early growth stage companies from all the regions of India i.e. north, south, central, east and west. The project focused on understanding the bottlenecks across all stages of operations viz. registration, conducting of business, expansion and exit.
The study involved examining the logjams faced by Hi-tech firms in their early stages or during the incorporation, determining the current state of their business activities and identifying the challenges impeding their growth. Based on primary discussions with the identified organizations, the findings of the survey were collated providing incisive insights on the subject, which helped in the preparation of a detailed report aimed at providing policy recommendations to the government and industry associations at a macro level and for selected sectors at a micro level.