Notwithstanding the immediate setbacks inflicted by the pandemic, startups may enjoy far greater opportunities in the post-pandemic world, Saji Gopinath, CEO, Kerala Startup Mission (KSUM), has said. Rather than despairing, startups should utilise this lockdown for fine tuning their products so that they can reap the benefits of future opportunities. Though some hardware startups were initially hit by shortage of components from China, even that has been resolved now,” said Mr. Gopinath. Larger startups have been more seriously hit primarily because of their higher fixed overheads unlike smaller startups. Besides, smaller startups would also benefit from waiver of rent and loan repayment announced by the government.

Source: The Hindu April 16, 2020 12:10 UTC