Chennai has a well educated population, skilled technical talent and is now emerging as a competitor to Bengaluru for startup and entrepreneurial activity.
Who would have thought? “Conservative and slow” was how Chennai was first described to me. Now it has changed.
Active angel investors operating in the region, are boosting the change.
But Chennai is not a city to boast or shout – it will let success do the talking for it.
The region’s economy was earlier more dependent on the automobile industry but has shifted towards information technology sector.
Here are some of the startups – Freshdesk, OrangeSpace, Bharatmatrimony, Zoho and CaratLane – all doing exceptionally well.
Chennai is a home to many investors with deep pockets willing to invest in startups with innovative ideas. Good governance and integrity further make Chennai the preferred city for business leaders.
Add to that good roads, ports, railways and airports as positive factors.
Chennai is among the top Indian cities with a maximum number of engineering and medical colleges in the region.
Another reality is that the former home of these new ventures – Bengaluru – just cannot accommodate all the new entrepreneurs, so many turn to Chennai.
Chennai has hosted a number of entrepreneurial events to attract emerging startups and one to watch coming up soon is Pudu Chennai, 2018.