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Original Research

CONTRIBUTION OF START-UPS AND ITS PARTICIPATION IN ENTREPRENEURE ADVANCEMENT IN YOUNG GRADUATES OFKERALA STATE

VIJAYAKUMAR V 1, and Dr. D. KARTHIKEYAN 2.

Vol 18, No 11 ( 2023 )   |  DOI: 10.5281/zenodo.10224397   |   Author Affiliation: Research Scholar (Part –Time External), Department of Commerce, Annamalai University Annamalai Nagar Tamil Nadu 1; Assistant Professor& Research Guide, Deputed from Annamalai University Department of Commerce Arignar Anna Govt Arts College Villupuram, Tamil Nadu 2.   |   Licensing: CC 4.0   |   Pg no: 1280-1292   |   Published on: 27-11-2023

Abstract

In order to monetize a fresh concept, an individual or group of individuals must use their professional knowledge, skills, and competencies through the formation of an enterprise. This process is known as entrepreneurship. It requires the combination of money, technology, and human skill to finish a project effectively and with a manageable level of risk. Since entrepreneurship entails starting and running a business, it is essentially an economic function. Innovation is the introduction of anything fresh, improved, or unusual. A start-up is a recently established company that has significant momentum due to apparent market demand for its goods or services. A start-up wants to expand quickly by filling a specific market need with its product or service. The goal of this study is to evaluate how start-ups contribute to Kerala State's entrepreneurial development. The purpose of organizations like the District Industries Centre (DIC), Micro Small and Medium Enterprises Development Institute (MSME-DI), and others is to encourage technology-based entrepreneurship and to build the environments and infrastructure needed to sustain high-tech businesses. In the state of Kerala, clubs dedicated to fostering entrepreneurial skills and talents are established at the school level to help children develop their entrepreneurial abilities. In addition, colleges are designed to produce innovators and entrepreneurs as well as help them adapt to emerging technologies. Start-ups can overcome their issues and obstacles by implementing an efficient mentoring program and by running their incubation centers well. If more and more angel and venture capital investors step up to fund the creative ideas of businesses, the financial issue can be solved.


Keywords

MSME-DI, DIC, Start-UPS, and Entrepreneurship.