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Reasons That Make Goa A Hub For Startups - Business2Business

Goa brings to mind an image of its beautiful beaches full of fun, delectable cashews, distinctive Feni, cool music festival and lazy sundowner.

But now, more and more people are also looking for Goa not only for a leisure trip but also as an ideal startup location.

Goa, which is rightly called the "party capital of India", has come a long way in establishing itself as a business hub. These are some of the reasons why India's smallest state is a preferred location for startup activity.

Goa brings to mind an image of its beautiful beaches full of fun, delectable cashews, distinctive Feni, cool music festival and lazy sundowner.

1. Location advantage

Accessibility to a number of regions, states and countries by road, sea and air is another advantage, which is why an increasing number of entrepreneurs are establishing a base here.

2. Talent Pool Availability

With a high literacy rate, the quality of education in Goa is better than many other states in the country. Goa is home to many distinguished and reputable educational and technical institutes such as BITS,

GEC, thus providing a large pool of competent talents in the form of qualified professionals.

Reasons That Make Goa A Hub For Startups

3. Government support

In Goa there are many institutions that are working specifically to make the country stand out on the startup map. The Startup Promotion Cell and a large number of incubators designed specifically to help startups change the startup landscape, providing the ease of operation and financing opportunities necessary for various startups.

Reasons That Make Goa A Hub For Startups

4. Good infrastructure

Stable electricity, a good internet connection, a proper water system, and transportation are essential to help new businesses flourish in the state, and Goa provides it all.

While Goa has already made a name for itself in the tourism sector, companies in other sectors such as healthcare, technology, transportation and food are strengthening their foundations and expanding their businesses.

Reasons That Make Goa A Hub For Startups

5. Affordable housing

Compared to cities like Mumbai, New Delhi, Bangalore and Hyderabad, Goa has relatively affordable properties. Office space in cities like Panjim, Margao, and Vasco is affordable, as is renting any commercial or residential space.

6. Work-Life Balance

Creating a startup and making it prosper requires more hours of work. But factors like shorter commutes and less traffic contribute to better life and family time.

Access to nature and scenic views, and a vibrant nightlife along with some of the best restaurants in the country significantly raise the standard of living.

All of this goes a long way in ensuring work-life balance, making it an ideal place for families to continue and thrive well.

Many new companies like Vacation Labs, Power Stores, Goamiles, TempoGo, Eeztail and Zooter have made a name for themselves in Goa and other states. Many entrepreneurs are eyeing the state for future opportunities.

Also Read: Planning to buy a house? Is festive season a good time to invest in real estate

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