Role Established Industry can play in Start Ups: Addl Inputs
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Role Established Industry can play in Start Ups
1.Each industry should incubate some start-ups and help them with their expertise
2.They could also train the start-up employees in practical roles
3.Industries should make a quota, where some of its work is given to start-ups
4.Established companies could allow sharing of their resources (equipment & machinery, know how, manpower, R&D, servers, services, furniture, temporarily part office space) on some reasonable payment basis with startups in their field
5.Pooling of raw materials, components and sub-assemblies purchase should be done where ever possible
6.Industries should tie up with the start-ups to buy auxiliary and final products
7.Possible sources of economical raw materials, components, vendor development, buyers for their products and services should be set up
8.Making them members of their related industrial associations, chambers of commerce and industries, CII, FICCI, ASSOCHAM etc. for networking and raising/supporting their problems there
9.Industries should connect start-ups them to renowned R&D and test centres, prominent educational institutions for further research & development
10.Industries could also invest in startups after proper scrutiny
11.Established companies should be given access to Startup India circle more