Entrepreneurships and Startup Programmes: Opportunities in Travel and Tourism

Abstract

Startup India programme of Government of India and various state government initiatives to promote startup ventures have started to boost entrepreneurships. Several venture capital firms have been actively looking at Indian startup sector for investment and partnerships. Among the startups set up in the recent years, especially after the launch of startup programme of Government of India, the representation from travel and tourism sector has been quite negligible. Such an emerging scenario provides tremendous business opportunities for new entrepreneurs who have innovative ideas in Indian travel and tourism sector. Making use of these opportunities, innovative startups should be encouraged in this sector. The absence of business incubation ecosystem in the travel and tourism sector is a matter of concern. Technology business incubators in travel and tourism sector needs to be set up, preferably with government support for ideation and incubation of the innovative business ideas and to provide access to finance. Enhanced access to a startup ecosystem and finance for students and entrepreneurs will result in a successful outcome in terms of income generation and employment creation.