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Budding campus entrepreneurs from Tier-2 and Tier-3 cities are giving stiff competition to their counterparts from top metros. They are cultivating start-ups and business ideas, despite unfriendly government policies that often test their managerial skills to the brink.
However, lack of funds from angel investors poses a serious problem for these early-stage entrepreneurs.
"There is a steep rise in the number of student entrepreneurs from Tier-2 and Tier-3 towns in the country," said K Srikrishna, executive director, National Entrepreneurship Network (NEN). He added, "There's little money available from angel investors as there are far too many such deals in the market today."
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