Context and Ecosystem
Udaipur is the business hub for south Rajasthan with its proximity to districts of Udaipur, Rajsamand, Chittorgarh, Banswara, Dungarpur, Sirohi, Bhilwara and Pratapgarh. The City of Lakes is not only endowed with rich resource reserves, skilled labor and entrepreneur skills but also rich business and academic community.
Entrepreneurship in Udaipur has evolved through decades. With the established tradition of entrepreneurship and risk-taking, Udaipur is the home for many prominent businesses. Key sectors include tourism, minerals, electronics and IT. Burgeoning start-up community in a variety of fields is also
The current state of entrepreneurship in Udaipur is a mixed bag. On the one hand, there is development and promotion by academic institutions/ universities (IIM-U, CTAE, and SPSU) and incubation facilities under development. On the other hand, funding and investing still largely remains unorganized. There is a clear need for development of entrepreneurial eco-system with focus on innovation.