“Golden Startup” – A New Business HUB Proposal
Elangovan Muniyandy1, Indumathi A R2, Nilesh J Sompura3
1Elangovan Muniyandy, Vel Tech Rangarajan Dr Sagunthala R&D Institute of Science and Technology, Chennai (Tamil Nadu), India.
2Indumathi A R, Green SHIP Research and Technology, Kandigai (Tamil Nadu), India.
3Nilesh J Sompura, Director, Operation Shallow Waterways Shipping Naliya (Gujarat), India.
Manuscript received on 01 November 2019 | Revised Manuscript received on 13 November 2019 | Manuscript Published on 22 November 2019 | PP: 1982-1985 | Volume-8 Issue-6S3 September 2019 | Retrieval Number: F13860986S319/19©BEIESP | DOI: 10.35940/ijeat.F1386.0986S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Business is a technology based driven in this era. Fast development in the technologies leads to the automation of design, operation and manufacturing process. New generation are filled with technologies and bring more competition among the industries. Skilled man powers are involved in creative development using technologies in the companies and educational institutions. To increase the job opportunity, Government introduces a startup scheme to generate new entrepreneur by supporting finance and it provide a platform to reach market easily. These businesses are short term goal or achievement which is easily funded by private funding agencies. Here, Authors introduce a new business proposal to support creative idea which can produce a profit in a long term basis and getting fund needs more time and patient for the creator of product idea. Based on the experience, two cases have been studied in marine industry company and importance of “Golden Startup” is explained and can be taken for next level.
Keywords: Business Model, New Approach, Startup, Micro Model, Young Entrepreneur.
Scope of the Article: e-business