East faces 'baby elephant syndrome' for startups

While the other regions were progressing fast in producing startups, it seems eastern region was facing 'baby elephant syndrome'.
"It seems eastern region was facing baby elephant syndrome," AVP Brand Capital, Times Group, Rajesh Singhal said here at Bharat Chamber of Commerce (BCC) organised interactive seminar on startups.
In a baby elephant syndrome, a tied grown up elephant does not attempts to set himself free when he can, due to his past memories of inability when it was a baby.
Singhal said future of startups will be eastern region given the cost advantages it possess for critical components like infrastructure and talent.

There are success startup stories from east though, a few.
BCC president Rakesh Shah said there was need for change in mindset and given the support by the chamber, startup culture in East is bound to change.

Speaking about the startup policy, experts opined that it will be hard for most of the startups to fulfil the criteria for getting recognised by the government.
"It is very difficult for most of the startups to get qualified as per the current norms of the policy," Bharat Chamber chairman (startups), B K Baid said.
Another expert, Deepak Kumar Khaitan said beside infrastructure and manpower, compliance cost is also very high which is ignored by the startups.