Why SL is an Eco-System?
In today’s hyper-competitive environment, it is crucial for startups, being a part of a business ecosystem provides mechanisms to leverage technology, achieve excellence in research and business competence, and compete against other larger companies.
Rather than resisting the change, the companies have to reshape and align their business goals and include a business eco-system – as being a part of one is crucial for succeeding. This provides important benefits to each member and understanding the benefits of the business eco-system you are a part of, is necessary to practice a flourishing business activity.
In the words of Rosabeth Moss Kanter, Chair and Director of the Harvard University:
“In Silicon Valley, there is a sense that you prosper only because you’re surrounded by lots of resources that make it possible to succeed, beyond what your own entity controls. Think of it as your garden, where you need fertile soil, seeds, and other ingredients to make things grow.”
A business eco-system is not a new concept, however, the concept of the Startup Eco-system is a vision of the founder of StartupLanes. Today, a well designed, well organized and well-managed startup eco-system is necessary if businesses want to grow and remain prosperous.
Rosabeth Moss Kanter adds further:
“Every small firm benefits if it can get more business from large ones. It’s not just revenues; they also get competence and opportunity.”
Shishir Gupta, the Founder of StartupLanes faced a lot of difficulties while he was building his first startup in early 2001. He decided that time to do something in the future for solving the problems of entrepreneurs. He has mentioned the challenges in this video of StartupLanes in Delhi Pre-Launch Event. After years of research, he designed a well-organized eco-system for startups and named it StartupLanes in the year 2015.