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Bridging the Mentorship Gap: Lessons for a Global Startup Ecosystem By Prakhar Mittal
New Delhi [India] : In a career spanning over 15 years in digital transformation across global industries, I’ve witnessed the undeniable power of mentorship in driving innovation, entrepreneurship, and business growth. This has been particularly evident while observing India’s meteoric rise as the world’s third-largest startup hub, home to over 140,803 startups as of 30 […]
New Delhi [India] : In a career spanning over 15 years in digital transformation across global industries, I’ve witnessed the undeniable power of mentorship in driving innovation, entrepreneurship, and business growth. This has been particularly evident while observing India’s meteoric rise as the world’s third-largest startup hub, home to over 140,803 startups as of 30 June 2024, growing annually at 16-18%. However, amid this progress, a glaring gap persists—structured mentorship to guide budding entrepreneurs through the complexities of scaling and sustaining businesses.
Contrasting this with the U.S. ecosystem, which thrives on robust frameworks like SCORE—a pioneering organization mentoring small businesses since 1964—the difference is stark. SCORE, a resource partner of the U.S. Small Business Administration (SBA), has been pivotal in shaping small businesses through its mentorship programs, workshops, and access to comprehensive resources. Intrigued by their mission, I joined the SCORE-greater Cincinnati chapter, as a certified mentor, aiming to contribute to this vibrant ecosystem, through a rigorous training and interview process.
The SCORE Experience: Rethinking Entrepreneurship
