BioVoice eMag December 2022 Issue | Page 33

two decades . Many startup leaders , especially those from India , have academic training but minimal business experience . It is not necessary to do everything yourself , incubators like us are equipped to provide all types of business support . Initially , many firms are " bootstrapped " or funded entirely by the founders themselves from personal savings or investments from family and friends . startups need outside funding to get off the ground , and many start seeking investors at some point . Finding the proper investor and obtaining capital can be challenging , even if the product has been well accepted and there is some evidence of market validation .

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Becoming an entrepreneur is a thrilling experience . It allows using their creativity and harnessing their potential to address specific challenges .

What is your message for young and aspiring startups ? Any Do ' s and Don ' ts for them ?

Becoming an entrepreneur is a thrilling experience . It allows using their creativity and harnessing their potential to address specific challenges and create a more significant impact . But this entrepreneurial journey is not risk-free . There is no fool proof way to eliminate the dangers of starting a business , but there are measures that may be taken to lessen the blow .

Working in an ecosystem is more effective than striking out on one ' s own . Many entrepreneurs have found that joining an established startup ecosystem has facilitated the successful launch of their startups . Being associated with an incubator can be the ideal stepping stone from concept to reality .

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