Guidance for Startups
Startup ecosystem in the country has evolved so much in the last one decade. Startups and Early Stage business have started moving up from Incubation Stage to Acceleration phase. Fast Track is the buzz word now in the startup ecosytem. Infact this wave is global and there are many Startup Exchange Programs that are happening globally too.
Global economy is enabling an inclusive ecosystem where Startups are aligned with global supply chain solutions to meet the market needs for Products and Services.
Global Markets have clearly defined Regulations, compliances to Standards, Certifications and Testing norms for products as well as services. Any Startup, early stage business with aspirations to hit global markets, must understand that importing countries have their own Regulations, Standards and Certification norms.
Ministry of MSME has already initiated an exercise to link our Indian MSME businesses to Global Supply chain. Compliance / Non compliance to Standards , Certifications, Testing protocols will make or break deals in Global Trade and Commerce scenario.
Hence its imperative to make Startups Understand about the importance of Regulations, Standards and Conformity Assessment structure both at National and International levels.
Its refreshing to note that #StartupIndia is making humongous efforts to address this market need in the startup ecosystem space in the country.
An excellent article was published recently by #StartupIndia on the subject of Standards and Conformity Assessments, a must read article for all Startups across the globe !
Here is the link to the article – https://bit.ly/32YMuEg
Looking forward to have more such series from #StartupIndia which will ultimately help Startups to Go To Market with better understanding and confidence.