Role of Governance in Startup Entrepreneurial Ventures and Startup Ecosystem

Author:Akshra Sharmaa*, Akhil Mittalb

Abstract:
Even though governance is such a widely used term both nationally and internationally but there is not one commonly accepted definition of governance. Governance is mostly accepted as the role of the governing to ensure proper delivery of goods, services and opportunity to all the citizenry alike in an equitable, fair and transparent manner. Government for people does not exclusively mean only individuals but is also inclusive of government organisations, corporate houses and even small scale businesses including startups. The startups success or failure is thoroughly dependent on the policies and plans of the government. It's the government policies that induce an enabling environment for the startups to flourish or flounder badly. Thus, it is the duty of Government through Good Governance to enable the startups to make their mark and do meaningful contributions to the Indian economy and fulfill their mission.

Keywords:Key Words: Good Governance, Startups, Entrepreneur, Development and Promotion.

DOI:10.46333/ijtc/12/2/8

International Journal of Trade & Commerce (Vol: 12 Issue:2)