Managing Innovation in Indian Startups

Abstract

India's start-up ecosystem has become one of the fastest-growing in the world because of the rapid growth of digital technology, government policies that help businesses, and more people wanting to invest. In our fast-paced world, good innovation management is now one of the most important factors in the success and growth of a business. This article looks at how Indian start-ups think about, carry out, and keep up with innovation in product development, business models, and organisational processes. Utilising modern case studies and secondary research, the study emphasises essential facilitators, including entrepreneurial leadership, agile methodologies, open innovation practices, and the strategic application of emerging technology. It also points out problems that keep coming up, such as not having enough resources, not having enough skilled workers, complicated rules, and market uncertainty. The results show that start-ups that make innovation a part of their business through defined processes, a culture of experimentation, and relationships with other businesses are more likely to get ahead of the competition and develop over time. The essay ends with suggestions for entrepreneurs, policymakers, and investors on how to make India's start-up scene more innovative.