• Ashay Joshi
• Dr. Anil Mirchandani

This paper explores the potential of Madhya Pradesh (MP) to become a key player in India’s entrepreneurial ecosystem. Centrally located, MP offers a strategic advantage for startups with easy access to markets across the country. Urban centers like Indore, Bhopal, and Gwalior are emerging as entrepreneurial hotspots, supported by abundant agricultural resources, a growing tech-savvy population, and expanding digital infrastructure. Key sectors such as agritech, edtech, healthtech, and e-commerce are thriving, driven by favorable demographics and government support.The state’s proactive Startup Policy 2022 aims to create 10,000 startups and attract ₹1,000 crore in investments. Initiatives like MP Venture Finance Limited and the MP Startup Portal provide financial support, tax incentives, and streamlined processes. Incubation centers such as iCreate Indore and B-Nest Incubator play a pivotal role in fostering innovation through mentorship, funding, and networking opportunities.Madhya Pradesh’s demographic strengths, including a large youth population, affordable infrastructure, and prestigious educational institutions, make it a cost-effective alternative to hubs like Bengaluru and Mumbai. However, challenges like funding gaps, talent migration, and infrastructure deficiencies, especially in rural areas, need to be addressed.The paper concludes with future prospects, emphasizing emerging technologies like AI, IoT, and blockchain, expanding global market access, and fostering local angel investor networks. Madhya Pradesh’s strategic initiatives and unique advantages position it as a scalable, cost-effective ecosystem for startups aiming for regional and global impact.

entrepreneurial landscape, startup ecosystem, key sectors, challenges

"The Study onthe Potential of Madhya Pradesh as a Startup Hub in Central India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 1, page no.380-387, January-2025, Available :http://www.jetir.org/papers/JETIRGS06046.pdf

"The Study onthe Potential of Madhya Pradesh as a Startup Hub in Central India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 1, page no. pp380-387, January-2025, Available at : http://www.jetir.org/papers/JETIRGS06046.pdf