Rakesh Balachandran

 I turned entrepreneur last year with the launch of Flexing It, a marketplace for skills, and since then have been curious about, and actively watching the ecosystem that encourages new businesses and innovation in India.

There is clearly a lot of activity in the start-up space: some estimates state that there are an estimated 8000 entities expected to start operations every year! This is a large number by any yardstick and initiatives like the ‘10,000 Start-ups’ launched by NASSCOM are supporting the desire of young professionals to create real wealth by being discontinuous. In fact, over the past few years there has been a rising trend in the proportion of the graduating classes of India’s top MBA schools towards starting an entrepreneurial venture vs. joining a large organisation.
Read more : 3 Innovation & Startup Trends in India – The need to broad base innovation