Funding Details

Despite approving $35.2 million for successful applicants, the BFF program was at the receiving end of internal criticism. After the 2024-2025 federal budget, there was a low-profile announcement from the Department of Industry, Science, and Resources (DISR) that Round 2 and Round 3 grantees would receive no further funding for new rounds. This decision takes roughly $17 million from the grant program and dumps woman-owned startups.

Unfulfilled Mission of BFF

The BFF program was designed to make things more equal and fair for Australian women in the startup sphere. Given that only a small percentage of venture capital is directed to women-led businesses, the BFF grants were important.

Aside from money, successful applicants were also offered business advice and guidance on topics such as money management, patents and trademarks, promotion and advertising strategies, and where to seek capital for their inventions. These services were provided to more than 900 applicants, but now, the end of the program has become a considerable problem for women entrepreneurs.

Boosting Female Founders Initiative

The Boosting Female Founders Initiative is designed to help women-run startups receive the grants they need to expand their businesses into domestic and international markets. This program also promotes job creation for women-led innovative companies in the private sector, aiming to be sustainable.

Women entrepreneurs are awarded grants ranging from $100,000 – $400,000, with up to $480,000 for priority groups to scale their businesses locally and internationally. Some of these candidates are also given the privilege of being mentored by some of the most qualified professionals, thus increasing their success rate. The Boosting Female Founders Initiative means financial assistance to women-led startups, guidance from specialists, and access to new markets.

Success Stories from Boosting Female Founders

Circular Wardrobe from AirRobe Pty Ltd solves the problem of textile waste as, together with fashion brands, the company captures product data at the moment of purchase. Consumers can then wear the used fashion items before returning them for reuse, which creates a cycle.

Amelio Health Pty Ltd, a startup company, is now developing its digital behavioral medicine pain management practice, and while it targets local patients, it plans to go international.

Arete Labs & Technical Solutions Pty Ltd serves as a contract formulation company of personal care and cosmeceutical products. One is they are developing a small test vial formulation to minimize wastage and expense while increasing production.

Atech Services Pty Ltd, where project Rocketlaunch involves delivering leadership capability to increase market portfolio in domestic and international settings to enhance global business. These female entrepreneurs are the epitome of innovation, flexibility, and hard work in any business.

Conclusion

The cancellation of the BFF grants, though it was started well, remains evidence of the continuing fight for gender equality in business. Female founders deserve better, and this program’s end is quite single-minded and insulting to their dreams and efforts. The Boosting Female Founders Initiative focuses on helping female founders by providing them with funds and professional assistance.

Surabhi Agarwal

Hi, I am Surabhi Agarwal. I am a dynamic Content Writer and Digital Marketer with a passion for creating engaging content and driving impactful digital strategies.

www.scoopearth.com/

Green Financing Landscape

The $215.6 million funding from GCF is a significant achievement for SIDBI and the green financing processes in India. The funding package consists of $200 million available for the concessional loan and another $15.6 million for grant support this year alone.

The grant shall cover various activities aimed at enhancing the capacity of several key stakeholders, such as the MSMEs and the PFIs that will participate in the projects on low emissions and climate resilience technologies.

Image Source: SIDBI

Objectives of the FMAP Program

The FMAP program is going to focus on different measures to deal with climate change, both mitigation and adaptation. Through the provision of subsidized loans, the program seeks to motivate MSMEs to adopt and acquire innovative technologies that will decrease emissions of greenhouse gases and increase resilience to climate change.

It is estimated that the program will reduce the overall GHG emissions by one-third, or about 35.5 million tonnes, and significantly conserve water for more than 10.8 million people.

Strategic Importance of the Funding

MSMEs are very central to the Indian economy because they contribute a lot to employment and gross domestic product. However, they have a limited capital base to allow them to acquire sophisticated technological tools. The concessional loans given under the FMAP program will allow these enterprises to make such changes sustainable without worrying about high costs.

This program will ensure that vulnerable populations are empowered with tools that will foster water conservation, and assist in combating the effects of climate change. This is even more crucial in areas that are susceptible to natural disasters such as hurricanes or flooding.

Thus, the mentioned FMAP program is also aligned with India’s net-zero targets as a part of the nation’s sustainable development strategy. Low-emitting technologies are going to help improve the quality of the environment in such countries.

Role of the Green Climate Fund

The Green Climate Fund, signed under the United Nations Framework Convention on Climate Change (UNFCCC), is also the biggest dedicated climate fund in the world.

It was created to help developing nations in the fight against climate change by offering them funds for carrying out mitigation and adaptation activities. SIDBI is one of the beneficiaries of the GCF aims at addressing sustainable development challenges and lowering GHG emissions in the world.

Future Prospects

SIDBI has already sanctioned its first project under the FMAP facility for $24.5 million to the Avaana Sustainability Fund. This investment will serve to encourage the development of new startups by providing funding for innovative solutions in the area of sustainability. SIDBI aims to mobilize $1 billion for green financing through GCF funding and green financing from its balance sheet and other sources from the market.

This corpus will be instrumental in funding various projects in the renewable energy sector, such as energy efficiency, energy storage, and e-mobility projects.

Conclusion

The $215.6 million SIDBI and green financing in India will benefit from the Green Climate Fund. Given that the FMAP program will help enhance the capacity of MSMEs in the implementation of low-emission and climate-resilient solutions, it will be instrumental in supporting India to achieve net zero.

It also underlines the need for green financing and the significance of international cooperation in response to climate issues.

Surabhi Agarwal

Hi, I am Surabhi Agarwal. I am a dynamic Content Writer and Digital Marketer with a passion for creating engaging content and driving impactful digital strategies.

www.scoopearth.com/

Incuspaze embraces sustainability and has ensured that aspects of the environment have been enhanced to include the use of efficient lights, waste disposal, and proper use of green products in buildings.

Strategic Investment

The infusion of capital is expected to strengthen Incuspaze’s capacity to offer premium workspace solutions for enterprises, MSMEs, and start-ups. The founder & CEO of Incuspaze, Sanjay Choudhary, further asserted that this would help Incuspaze in a big way to cater to the burgeoning demand for co-working spaces.

India Inflection Opportunity Fund was involved in the funding round that was successful in proving the viability of coworking spaces and the relevance of flexible workspace in the contemporary economy. In this light, Incuspaze, which is already aligned with the principles of innovation and customer-focused business, is likely to become an important player in the ongoing transformation of workspaces in India.

Expanding Footprint and Market Dynamics

Incuspaze currently operates with about 3 million sq ft in 44 locations across 18 cities. The company has been on an expansion spree in the recent past and has recently availed a space of 220,000 square feet for leasing at Gurugram’s M3M Urbana project on Golf Course Extension Road. This comes after 600,000 square feet of space was leased in June in three cities due to increasing demand for flexible working space.

The coworking space industry has been on the rise as more companies embrace a flexible workplace model. Due to the COVID-19 impact, there is an increasing need to work remotely and in the hybrid model, thus increasing the need for coworking spaces. Incuspaze has placed itself in a strategic place to benefit from this trend of flexible workspace solutions that meet the different needs of the business.

India Inflection Opportunity Fund’s Role

India Inflection offers late VC rounds and targets companies undergoing pre-IPO stages with proper plans for going public. The investment IIOF made in Incuspaze is in line with its general policy of providing funding to young and growing enterprises across sectors. Some of the companies the fund has invested in the past include Natural Well Foods, Vardhman Group, and MKC Agro Fresh.

Unique Features of Incuspaze’s Workspaces

Incuspaze offers an open and adaptive working environment that caters to enterprises, MSMEs, and start-ups by offering co-working solutions according to their requirement. This makes it easy for companies to plan their workspace depending on their needs and preferences. They are well-facilitated with the latest technologies like internet connection, ergonomic office furniture, meeting rooms, and conference facilities for efficient working.

Incuspaze utilizes technology as part of the solutions, in improving the workspace. These are smart office solutions, wired and wireless solutions, and smart services that enhance office functioning. The business locations of Incuspaze include some of the major business centers of India; it has its workspaces in strategic locations that are convenient and well-connected.

They promote an active community of experts and business starters and actively encourage them to connect, cooperate, and learn from each other via events and projects. With a clear profitability matrix and emphasis on the enterprises, Incuspaze has one-size-fits solutions with additional features for enterprise clients such as scalability and customized services.

Future Prospects

With this additional capital, Incuspaze seeks to deepen its market penetration and improve the services it provides to its customers. The company’s vision is to use technology as a tool to ensure that workspace solutions are optimal, easy, and smooth. This entails incorporating modern facilities and services that the clients require from upscale hotels.

Conclusion

The funding round of $8 million for Incuspaze is indicative of the fact that the core business model adopted by the company enjoys the confidence of investors. Thus, it appears that Incuspaze is well prepared to capitalize on this trend and further grow the coworking space market in the future.

Surabhi Agarwal

Hi, I am Surabhi Agarwal. I am a dynamic Content Writer and Digital Marketer with a passion for creating engaging content and driving impactful digital strategies.

www.scoopearth.com/

The startup plans to use these fresh proceeds to scale its operations, enhance its technologies market expansion, and develop more innovative AI solutions. The startup claims to solve the high-cost VFX tools problems that independent filmmakers and content creators face with larger productions. Beeble AI developed virtual lightning solutions for its users to address high-quality visual effects, level them with the film industry, and empower indie filmmakers.

The company has worked with the machine learning and artificial intelligence research team of the gaming company Krafton. The co founder of Beeble AI mentioned that lightning plays a crucial role in filmmaking and photography, but there were no AI companies focused on “lightning,” so the startup moved its focus to this field.

The main service offered by this company is SwitchLight Studio, which is a desktop application that provides its users with relighting and composition services in a virtual environment. The startup plans to rebrand SwitchLight studio and Virtual studio in Q3 of this year.

The co-founder and CEO of Beeble AI, Hoon Kim, mentioned that the primary aim of the startup is to work on virtual lightning but the firm is expanding its range towards developing comprehensive virtual studios. The startup aims to create an application that can compete with major Hollywood studios in the future. Beeble AI claims that its AI model reduces budget constraints and allows its users to create Hollywood-worthy shots while sitting in their room using an iPhone.

The film production uses green screens or giant LED walls to create the illusion of on-location shooting without actual travel, which is very expensive with high cost and complexity. To tackle this, the startup is developing virtual studios. The CEO of the startup told TechCrunch in an interview that Beeble’s virtual production platforms virtualize real actors into a virtual world.

This will enable the filmmakers to access various locations, real-time effects, and lighting and use various features with only a phone that will allow film production at an affordable budget. The development came just when the virtual production sector gained investors’ interest.

CONCLUSION:

Beeble AI is a VFX startup that offers an online application that provides various lighting and composition services. This South Korea-based startup secured $4.75 million in its seed funding round at a valuation of 25 million USD. The funding round was led by Basis Set Ventures with the participation of Fika Ventures.

The company intends to use this fresh capital to enhance its AI capabilities, scale its operations, and expand its network. Beeble AI leverages advanced technologies to offer an AI model to reduce budget constraints and allow users to create high-quality shots. The firm’s main product is SwitchLight Studio, which offers various services to filmmakers and content creators.

Surabhi Agarwal

Hi, I am Surabhi Agarwal. I am a dynamic Content Writer and Digital Marketer with a passion for creating engaging content and driving impactful digital strategies.

www.scoopearth.com/

A start-up is an entrepreneurial venture that was created to resolve real-life problems. It solves society’s needs. As many start-ups attract investors and funders because of the tremendous growth opportunities, every year, millions of start-ups are launched, but out of 10 start-ups only a few succeed, and many fail due to multiple reasons.

Factors like lack of funding, insufficient resources, improper management, products not fulfilling the needs of the audience, lack of cash flow, etc., contribute to the failure of start-ups.

Description:

Approximately nine out of 10 start-ups fail. 90% of the start-ups fail and shut down.                   

The following table breaks down the start-up failure rates after various years of establishment.

       Until the End of the year, the Failure rate 

       1^st year                                      20%

       2^nd year                                     30%        

       5^th year                                      50%                                                                

        10^th year                                   70% 

There are many issues that contribute to the failure of start-ups. The primary reasons are lack of cash flow, products unsuitable for the market, and mismanagement of the team. 60.34% of the start-ups fail due to the poor fit of their product in the market. 

                              The following table gives the reason for the failure of start-ups. 

Reason                                             percentage of start-ups

Team problem                                        18%                       

Marketing problems                               22%                      

Lack of product-market fit                     34% 

Legal problems                                        2%                         

Operations problems                                2%                       

Finance problems                                    16%                      

Tech problems                                         6%                         

(sources: failory, forbes, Statista, CB Insights, Business News Daily.)

The failure rates of start-ups vary in different industries. Some industries have lower failure rates, while some have higher.

Fin-tech industry: It has been growing faster in recent periods. However, most start-ups fail in the industries due to immense competition and low success rates. Here, we will mention some points of failure reason related to the failure rates of start-ups in the fin-tech industry.

1. 75% of the fin-tech start-ups fail if they are venture capital-backed businesses. 
2. 50$ billion is received by the fin-tech industry every year in the form of investment. 
3. $ 131 billion is the valuation of the largest fin-tech company in the world.                          

                                           ( sources: the fintech mag, failory, Mckinsery)

Real Estate start-ups: 42% of the start-ups fail in the real estate industry because it requires a large investment and determination. There are some other interesting facts related to the failure rates of start-ups in the real estate industry.

1. 48% of real estate businesses fail within the first year of establishment.
2. 31% of the prop-tech investors consider investing in the real estate industry. 
3. $ 1.9 billion was generated by real estate start-ups in 2019.

( sources: Embroker, Failory, forbes )

    IT and tech industry: These are the leading industries in today’s age. They made the world more automated and reduced human labor. But they have more chances of failing. There are some interesting facts about the technology industry.

1. 63% of the tech businesses fail within the first year of establishment.
2. 39 years is the average age of tech start-up founders.
3. $102,000 per year is the average pay of an employee in a tech company. 
4. There was a 78% increase in computer and electronics manufacturing startups from 2007 to 2016.     

( sources: forbes, embroker, failory)

Construction industry: This industry has grown the fastest since the last decade. It requires a huge amount of cash flow to keep the start-ups in the construction industry. 

1. 20% of construction start-ups fail within the first year of establishment. 
2. Within the first ten years of establishment, 67% of construction startups are out of business. 
3. The fastest-growing sector in the construction industry is the residential housing sector.
4. The construction start-ups only have a 36.6% chance of surviving longer than 5 years.  

( sources: Crunchbase, Small business trends, Accenture, Embroker)

Besides these, some failed start-ups in 2023:

1. Zume- The future of pizza delivery.
2. IRL- Connecting through events.
3. Fuzzy- Comprehensive pet care. 
4. Mandolin- Redefining live concerts.
5. New AGE MEATS- The Meat Alternative. 
6. TASCENT- The Biometric future. 
7. Mind strong – Pioneering mental health tech.
8. WYRE – Navigating the crypto labyrinth.

About 15 million new enterprises are born annually, and about 137,000 every day, yet 90% of them fall short. Calculations show that 123,000 companies fail in India each day. While no one knows the exact number of start-ups that fail, the consensus is that the failure rate is relatively high, Which isn’t good news for an aspiring founder.  

Qualities that are most valuable in start-ups are: 

1. Adaptability and Agility are the most significant qualities as the market and technology constantly change.
2. A strong and clear vision is very important. Start-ups that are strongly committed to their vision have a chance to succeed.
3. Start-ups must prioritize tasks, set deadlines, and execute tasks effectively to achieve growth. 
4. Everyone must work toward the same goals together and collaborate to increase productivity.  

Conclusion:

All these facts about the success and failure of business give insight to be careful of businesses. You might have an idea about the mistakes that you must avoid and the precautions that are needed when starting a small business. Start-ups’ success can be achieved by understanding market needs, building a strong team, navigating competitive landscapes, learning from failed start-ups, and addressing legal considerations.

One of the biggest reasons is that just having an idea does not guarantee success, and many start-ups are proof of that. When you have an unproven idea, it’s hard to know where to start or whether your idea has any merit. Start-ups are undoubtedly very risky, but no gain without great risk. Great potential comes with great risk. It is for progress and innovation that could improve the quality of life of people all around the world. So, don’t let the risk of failure discourage you, be audacious. 

FAQs:

1. How many start-ups have failed in 2023?

Ans: Just over $ 27 billion in venture funding was raised by the 3,200 startups that failed in 2023. 

• Why 99% of start-ups fail?

Ans: There are various reasons why people might fail in their first business project, and these can include a lack of planning. Many first-time entrepreneurs might not fully develop a comprehensive business plan before starting their venture, or they might not have experience in forecasting sales, cash flow, and expenses. 

• What happens when start-ups fail?

Ans: The first step after a start-up fails is to wrap up the business professionally and respectfully. This means notifying your customers, partners, investors, and employees about the situation and fulfilling any contractual obligation. You should also close your accounts, pay your debts, and file your taxes. 

• Why do start-ups succeed?

Ans: Timing is the number one, most influential factor for predicting startup success. A business must arrive at the right time for the market. The second most important factor is team and execution since a great business idea means nothing if it isn’t executed by the right people.

• Why do people start start-ups?

Ans: Start-ups are founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand. These companies generally start with high costs and limited revenue, which is why they look for capital from a variety of sources, such as venture capitalists.

Surabhi Agarwal

Hi, I am Surabhi Agarwal. I am a dynamic Content Writer and Digital Marketer with a passion for creating engaging content and driving impactful digital strategies.

www.scoopearth.com/

Exploring the top technology trends that will shape 2024 and revolutionize industries worldwide is our responsibility. The world of start-ups is constantly evolving, with new ideas and technologies emerging every day. This makes it an exciting time to be an entrepreneur, but it also means that keeping up with the best trends and opportunities is more important than ever. From advancement in AI to the growing popularity of remote work, the future of start-ups is shaping up to be a fascinating place. 

Description – Criteria of a successful start-up idea in 2024

Technology is constantly evolving and creating new opportunities for businesses and investors. However, not all start-ups and opportunities are equally promising or profitable. Some may be too risky, too expensive, or too much to generate a good return on investment. The start-up world is a wild ride, and it is easy to get lost in the shuffle. But if you want to blast off like a space rocket, you need to know the latest trends. We need to have key information about the latest industry news and market changes for new start-ups and entrepreneurs. There is some insight on what we can expect in the start-up industry in the upcoming year of 2024. We will explore the trending topics in the start-up world. 

The best start-ups to make money in 2024

The start-up ecosystem continues to evolve at a rapid pace as new technologies emerge and societal priorities shift. Understanding the key trends for the coming year allows entrepreneurs and investors to future-proof their strategies and capitalize on emerging opportunities. The use of mobile apps, virtual reality, artificial intelligence, and other technologies can help start-ups create highly personalized experiences for their customers. Start-ups are increasingly focusing on developing sustainable products and services. I expect to see this trend continue in 2024, with more start-ups focusing on sustainability. 

GENERATIVE AI: 

Generative AI is like a magic wand for start-ups. Artificial intelligence has gone through many cycles of hype. The release of chat-GPT seems to mark a turning point. It can write poems, tell jokes, and churn out essays that look like a human created them. Prompt chat-GPT with a few words and outcomes love poems in the form of Yelp reviews or song lyrics in the style of Nick Cave five years later; it’s the leap forward in natural language processing and the ability of large language processing, and the ability of large language models to riff on just about any theme, that has seized the popular imagination. AI developers are increasingly using supervised learning to shape our interactions with generative models and their powerful embedded representations.

Generative AI and large language models have been progressing at a very fast pace, with new models and innovative ways almost daily. 

FINTECH: 

Fin-tech start-ups are very important factors in the financial industry. They are exploring various methods to make payments, invest money, and lend money. It is used by companies, business owners, and consumers to better their financial operations, processes, and lives. It is composed of specialized software and algorithms that are used on computers and smartphones. Fin-tech now includes different sectors and industries, such as education, retail banking, fundraising, and non-profit and investment management, Fin-tech also includes the development and use of crypto-currencies, such as Bit-coin. Fin-tech is also a keen adapter of automated customer service technology, utilizing chat-bots and AI interfaces to assist customers with basic tasks and keep down staffing costs.

 Fin-tech is also being leveraged to fight fraud by leveraging information about payment history to flag transactions that are outside the norm. 

 There are four broad categories of users for fin-tech:

1. Business–to–business (B2B) for banks. 
2. Business-to-consumer (B2C) for small businesses.
3. Consumers. 
4. Client of B2B banks. 

Fin-techs make money in different ways depending on their specialties. They generate revenue from fees, loan interest, and selling financial products. 

Health-tech: 

The world is growing older day by day, and technology helps every person lead a comfortable and safe life. Health-tech start-ups are more beneficial, more accessible, and affordable for everyone. They have developed new technologies to improve the way we diagnose, treat, and monitor diseases. Health tech uses knowledge and skill in the digital form of medicines, procedures, and vaccines and improves quality of life. It helps in:

. Reducing healthcare/medical costs.

. Predict Epidemics. 

. Avoid preventable deaths. 

. Improve the quality of life. 

. Reduce healthcare waste. 

. Improve care efficiency and quality.

. Produce new drugs and treatment procedures.

Over the past few years, health tech has grown tenfold and has been adopted largely by every medical firm. Treatments are conducted through a combination of health monitoring technologies, including telemedicine, at-home diagnoses, and even pop-up retail settings. Health-tech developers have begun to identify the specific benefits of remotely treating patients. Doctors and nurses employ portable devices, such as tablets or computers, to document a patient’s medical history and deliver the right treatment; besides this, patients may use apps to detect the correlation between their condition and medication interaction to make decisions on how to improve their health.

Doctors can measure and track patient data for an extended period with the help of HER(Electronic health record). Health tech improves healthcare delivery quality, increases patient safety, reduces medical errors, and improves healthcare providers’ and patients’ interaction.

Web3: Web3 is the next generation of the internet, and it is based on blockchain technology. Web3 is exploring new methods to use block-chain to decentralize the internet and create new economic opportunities in the term. 

Web3.0 leverages AI, Machine Learning, and Block-chain 

technology. It is expected to achieve real-world communication. Individuals will own the data, and they will be compensated for the time spent on the internet. This sounds futuristic, and the data and privacy of the users will increase with blockchain technology. Intelligent systems, semantic web, decentralization, meta-verse, digital assets, and other emerging technologies will be part of Web 3.0.

Improved customer experience and cost saving through AI: If businesses want to attract and retain customers, then they have to work harder and smarter. 70% of organizations surveyed say customer service is directly connected to the performance of their business, and 63% of them are prioritizing the customer experience. We will use artificial intelligence (AI) to improve customer service solutions. AI solutions have the potential to drastically increase the efficiency of customer service operations, reduce spending, and boost overall customer satisfaction.

Space-tech:  

Space-tech start-ups are going to be the pioneers of the future. They are exploring many new technologies to explore space and to make it more accessible to humanity. Sky-root, which became the first start-up to explore the successfully launch a rocket into space in November 2022, and Pixel, the first Indian private start-up to deploy its satellite, Shakuntala, into a low earth orbit.

Public-private partnerships are driving growth in the space sector. Initiatives like the privatization of vehicles and collaborations with companies are expanding opportunities. Government policies, such as the exception to GST, have further incentivized private space enterprises. Many podcasts have delved into the potential benefits of the production-linked incentive (PLI) scheme for the space sector, Encouraging foreign companies to set up operations in India and enhancing the country’s capabilities in critical areas like satellite technology. 

Climate-tech: 

Climate-tech start-ups are the most important start-ups in the world. They are working on developing solutions to help us mitigate the effects of climate change. This is a massive opportunity, and there’s room for everyone to get involved. Climate tech start-ups have received funding to build businesses in carbon accounting, food tech, sustainable fashion, logistics, and other industries.

Any start-up can be eco-friendly and help fight climate change, but we have created a list of some of our favorite climate change-based businesses. 

1. Electric vehicle conversion. 

1. Eco-friendly B&B.
2. Insect farm. 
3. Green cleaning products business.
4. Green beauty product business. 
5. Carbon offsetting business. 
6. Energy consulting company. 
7. Reusable grocery bags. 
8. Algae farm. 
9. Greenhouse business. 
10. Mushroom farm.
11. Herb farm. 
12. Community garden. 
13. Hydroponic farm. 
14. Botanical garden. 

Crypto-currency and block-chain services: 

Spreading technology like cryptocurrency and blockchain services can be a lucrative opportunity. These services can include crypto-currency exchange platforms, blockchain services, or developing blockchain-based applications. 

Digital marketing firm: 

A digital marketing firm can be a lucrative business opportunity. You can drive revenue by offering services like sales funnels, content marketing, SEO, Email marketing, and digital advertising; specializing in a specific area, like social media management, can provide recurring revenue and expansion opportunities.

Web design and APP development:

There is a huge demand for web designers and APP developers in the digital world. It is a very lucrative business. You can earn high revenue by offering services like website development, app creation, and graphic design, especially for custom projects. 

Virtual reality (VR) and Augmented reality (AR) Services:    Virtual reality(VR)and augmented reality (AR) technologies are gaining huge popularity, so these services can be a lucrative opportunity. They provide immersive experiences for various industries, such as gaming, education, and real estate. 

Conclusion

The business world is ever-changing, and staying ahead of the curve is essential for entrepreneurial success. If you are interested in online publishing, e-commerce, and emerging technologies, then there are various business ideas that align with your passion and goals, by taking benefit of the right resources, staying adaptable, and providing products and services. You can build a profitable business in the ever-changing marketplace 2024.

FAQs

1. What is the future of start-ups in 2024?

Ans: The shape of digital marketing will be changed by the advancement of our technology and changing consumer behaviors. Now, AI will lead our path to reach businesses and engage with their target audience.

2. What are the goals of digital marketing in 2024?

Ans: To produce high-quality, engaging content that resonates with their target audience. It will be not only written content but also visual and interactive content such as videos, info-graphics, and quizzes.

3. What will the advanced technology be in 2024?

Ans: Innovation in 2024 will revolve around AI models, advancing computing power, and smarter devices.

4. How will AI change the world?

Ans: Healthcare with the integration of AI, doctors can predict diseases quickly and accurately diagnose them.

Manufacturing: AI–powered robots work with humans to perform different tasks.

5. Does data science have a future?

Ans: Data has applications in almost every field. The future of data science is filled with career opportunities. It will bring opportunities in various areas of banking, finance, insurance, entertainment, telecommunication, automobile, etc. 

Surabhi Agarwal

Hi, I am Surabhi Agarwal. I am a dynamic Content Writer and Digital Marketer with a passion for creating engaging content and driving impactful digital strategies.

www.scoopearth.com/