Ph.D. Thesis Colloquium of
Mr. MUTHUKUMARASWAMY D P K
Thesis Supervisor: Prof. M H Bala Subrahmanya and
Organization Supervisor: Dr. Kumudhini Ravindra, Principal Consultant, Strategies,
Innomantra Consulting Private Limited
Date: 24th July 2024 [Wednesday]
Time: 11:00 AM
Venue: Seminar Hall [Management Studies]
MS Teams Link:
https://teams.microsoft.com/l/meetup-join/19%3ameeting_M2MxZWMyZjMtN2Q1ZC00YmY3LWI4OTUtYjU2OWYzZWFjNTQ4%40thread.v2/0?context=%7b%22Tid%22%3a%226f15cd97-f6a7-41e3-b2c5-ad4193976476%22%2c%22Oid%22%3a%2244805bd2-0703-4c91-93aa-a976ddb8a045%22%7d
Title:
The determinants and phases of tech startup emergence: An empirical analysis of hardware-based startups in India
Abstract:
Given the distinctive features of hardware-based tech startups and their high economic potential, it is appropriate to ascertain the determinants and understand the entrepreneurial activity antecedents to hardware-based tech startups’ successful emergence. This research introduces a conceptual framework designed to scientifically ground the empirical analysis of venture creation processes, particularly in hardware-based tech startups. The study focuses on understanding the temporal dynamics during the gestation period of startups, divided into two primary stages: pre-incubation and incubation, each with dependent phases and determinants.
The framework emphasizes the significant impact of the founding team’s size, composition, background, and networks on the time required for opportunity identification and ideation quality. The ideation process varies depending on whether it is based on an existing patent or a new, self-conceived idea. Patented ideas typically expedite the ideation phase due to their established foundation. After successful ideation, it results in PoC creation, which can be developed in-house by the founding team, with support from Technology Business Incubators (TBIs), or through collaboration with large industrial enterprises. The effectiveness and speed of demonstrating PoCs determine the subsequent progress towards prototype development. Product Development (PD) materializes the PoCs into an innovative solution or product, resulting in an MVP. The viability of new products or services depends on their utility to consumers, necessitating early testing with target markets and adopters, thus setting the stage for startup emergence.
This study aims to illuminate the transitional phases and critical incidents leading to a hardware-based tech startup emergence in the Indian context, offering significant insights into the relatively nascent startup ecosystem.
ALL ARE WELCOME