Bengal unable to hold on to homegrown start-ups - they end up flourishing in other states

It is a fact that homegrown start-ups in Bengal are moving out of the state in their search of talent and a mature ecosystem to boost their business. As indicated by experts, start-ups need proper mentors, guidance and a strong team, apart from funds. People who are qualified for the job tend to move away from this city even though Bengal is home to some of the older engineering colleges in the country. One of the reasons for this is, as per the buzz in industry, the quality of engineers they produce today do not match up to the best.
This has been reported in telegraphindia.com dated 23 September 2016.

Many private institutes have mushroomed in the state and they churn out engineering graduates, but they apparently do not meet the quality expectations of start-ups that are looking out for talent to hire. Bangalore has stressed on product innovation, Pune nurtured automobile start-ups, and Hyderabad went in for biotechnology start-ups. Kolkata has to work on similar lines and create its own niche.
Any investor today looks at five key cities to invest in, namely Bangalore, Hyderabad, Pune, Delhi NCR and Chennai. And, while Bengal has been the breeding ground of 500-odd start-ups, at least 100 of them have migrated to other cities - this is as revealed by software industry forum Nasscom.


Image courtesy wikimediacommons.org


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