Quotes on National Startup Day: Ennoventure Inc, MedRabbits and Rubix Data Sciences

National Startup Day celebrates the dynamic spirit of entrepreneurship and innovation, propelling growth across diverse sectors.

National Startup Day was declared on January 16 by Prime Minister Narendra Modi. The news was made on Startup India’s founding day, January 15, 2022. On this day, the startup community’s extraordinary development and contributions to the Indian economy are celebrated. Since its commencement in 2016, the Startup India program has experienced a remarkable surge in the number of businesses, rising from approximately 340 in the first year to an astounding 1,15,000 by the year 2023.

Mr. Padmakumar Nair, CEO & co-founder of Ennoventure Inc.: “According to a report by Invest India, the entrepreneurial landscape in India is thriving, with approximately 1,12,718 DPIIT-recognized firms dispersed across 763 districts as of October 3, 2023. This significant presence underscores the widespread impact of startups on the nation’s economic fabric. India has ascended to become the third-largest startup ecosystem globally, a testament to the innovation and resilience ingrained in our entrepreneurial community.
 
National Startup Day serves as a momentous occasion to acknowledge the contributions of Indian startups to the nation’s innovation ecosystem. As we rejoice in the entrepreneurial spirit that propels these ventures, it becomes imperative to collaborate with stakeholders within the startup community. Together, we can forge a path that empowers startups to be integral contributors to the nation’s development and economic prosperity. Our collective vision must extend towards positioning India as a global hub for skills and innovation, catalyzing positive transformations within the startup landscape.
 
At Ennoventure, we align ourselves with this dynamic ecosystem, contributing to the global change narrative by combating counterfeiting through our covert brand protection technology. On this National Startup Day, we renew our commitment to fostering customer trust, protecting brand integrity, and making substantial strides in our mission to end counterfeiting.”

Mr. Amol R. Deshmukh, Founder and CEO, MedRabbits: “National Startup Day celebrates the dynamic spirit of entrepreneurship and innovation, propelling growth across diverse sectors. In the domain of healthcare, startups stand as catalysts for change, ushering in transformative solutions to confront pressing challenges. Today, we find ourselves on the brink of a healthcare revolution where technology converges with compassion, giving birth to innovative approaches to patient care. According to recent study reports, India’s home healthcare market is projected to exhibit a compound annual growth rate (CAGR) of 6.40% from 2022 to 2030 and is expected to reach $295 million by 2030. This rising demand for home healthcare is attributed to the simultaneous growth of India’s geriatric population and dependency ratio. 

The search for dependable and skilled healthcare providers for home care has brought to light a significant deficiency in the provision of high-quality healthcare. This situation has highlighted the considerable challenges faced by families managing the health requirements of their elderly relatives, underscoring the critical need for a solution that integrates expertise, reliability, and innovation. 

At MedRabbits, we’re reshaping healthcare by bringing innovation home. Our unwavering commitment to excellence is reflected in the careful selection, training, and background verification of our dedicated care providers. Leveraging advanced technologies, we ensure a seamless and professional home healthcare experience. Addressing the essence of what makes time and health invaluable, MedRabbits aims to be your steadfast healthcare ally, revolutionizing home healthcare with compassion, one innovative service at a time.”

Mr. Mohan Ramaswamy, Co-Founder & Chief Executive Officer at Rubix Data Sciences: “The past year has been a difficult one for start-ups the world over, and the Indian experience has been no different. Funding constraints, geopolitical uncertainty, and inflationary pressures made 2023 a challenging year for the start-up ecosystem. Unfortunately, many of these challenges will spill over into 2024 as well, particularly the drying up of easy capital.