Bihar, known for its rich history and educational excellence, is emerging as a notable player in India’s startup ecosystem. This shift is driven by proactive government policies, educational institutions, and the resilient spirit of local entrepreneurs .Startup culture in Bihar is on a surge, proudly contributing to Make in India & Made in India.

Bihar’s Thriving Startup Ecosystem

With over 650+ startups registered and more than 350+ leading the charge, Bihar is making significant strides in fostering innovation and entrepreneurship.

Government Initiatives

The Bihar government has been instrumental in fostering a startup-friendly environment. The Bihar Startup Policy, introduced in 2017, offering financial assistance, incubation support, and mentorship. Key initiatives include the Bihar Startup Fund Trust for seed funding and the Bihar Industrial Investment Promotion Policy, providing interest subsidies and tax exemptions. The Startup Bihar portal serves as a comprehensive resource for aspiring entrepreneurs.

Sectoral Growth

Startups in Bihar are diversifying across various sectors, with foodtech and agritech industries particularly vibrant. This diversification leverages Bihar’s rich agricultural heritage to innovate and scale.

Impact on Rural India

Bihar-based startups are transforming rural India, reaching over 3000+ villages and impacting approximately 3.5 million people directly and indirectly. This demonstrates the inclusive growth driven by the state’s startup culture.

Success Stories

Local entrepreneurs are inspiring a new generation of innovators. Notable startups include:

• Oplus Cowork: A coworking space offering “Space as a Service,” bridging the gap between startups and corporates.
• OCB Cakes: OCB Cakes Pvt. Ltd. is a leading company in online customized cakes & Gifts delivery in Bihar. 
• RodBez: RodBez is Bihar’s largest mobility platform, providing the One Way Taxi, Taxi pool. The Rodbez offers mobility solutions by connecting customers to Taxi Driver.
• DeHaat: An ICT-enabled farmers’ marketplace connecting small farmers to seeds, fertilizers, equipment, crop advisory, and market linkage.
• StarX91: StarX91 is a leading Industrial Drone Manufacturing and Aviation R&D Company that specializes in serving the B2B and B2G sectors.
• Gramshree Agri Services Private Limited: A one-stop solution in animal husbandry and fisheries.

These startups highlight Bihar’s diverse ecosystem, focusing on agriculture, healthcare, food and technology.

Challenges and Opportunities

Despite challenges like limited funding and inadequate infrastructure, opportunities for growth are significant. The expansion of co-working spaces and startup incubators in cities like Patna, along with increased government focus on infrastructure, are positive signs.

A new era of Startup culture in Bihar showcases the state’s potential for growth and innovation. With continued support from the government and a focus on key industries, Bihar’s startups are poised to make a significant impact locally and globally, driving innovation and prosperity.

In the demanding landscape of entrepreneurship, burnout poses a significant threat to sustained success. Recognizing the signs of burnout and implementing proactive strategies are paramount for entrepreneur to navigate their journey effectively. Here are 7 essential strategies to prevent burnout:

1. Recognizing Burnout Signs:

Entrepreneurial burnout manifests through exhaustion, decreased performance, detachment, and a lack of satisfaction. Consequently, these indicators serve as early warning signs, prompting entrepreneur to take action before burnout escalates.

2. Understanding Causes:

Overwork, blurred boundaries, unclear goals, perfectionism, and lack of support are common causes of burnout among entrepreneurs. Identifying these root causes is crucial for developing effective prevention strategies.

3. Prioritizing Self-Care:

Making time for relaxation, exercise, and hobbies is essential for rejuvenating the mind and body amidst the demands of entrepreneurship. Moreover, prioritizing self-care allows entrepreneur to maintain their well-being and sustain their entrepreneurial journey.

4. Setting Boundaries:

Establishing clear limits on work hours and communication helps maintain a healthy balance between work and personal life. Consequently, setting boundaries enables entrepreneur to protect their time and energy, reducing the risk of burnout.

5. Delegation:

Trusting others to handle certain responsibilities lightens the workload and prevents overwhelm. Through delegation, entrepreneur can focus on high-impact tasks while empowering their team members to contribute to the success of the venture.

6. Breaking Tasks into Manageable Steps:

Avoiding overwhelming oneself with large projects is essential for managing stress and preventing burnout. Therefore, breaking tasks into manageable steps and setting realistic goals alleviate pressure and enhance productivity.

7. Seeking Support:

Building a network of mentors, peers, and professionals provides valuable perspective and encouragement during challenging times. Seeking support allows entrepreneurs to share experiences, gain insights, and navigate obstacles more effectively.

By implementing these strategies, entrepreneurs can effectively prevent burnout and sustain long-term success in their ventures. Prioritizing self-care, setting boundaries, and seeking support are not luxuries but necessities for thriving in the entrepreneurial journey. Remember, taking care of oneself is the foundation of success in entrepreneurship.

Curious to learn more? Click here to uncover these essential burnout prevention strategies from Forbes.

Welcome to Oplus Cowork, where innovation drives productivity and collaboration flourishes. As a Best coworking space provider of fully furnished coworking spaces, we dedicate ourselves to revolutionizing your work experience. Whether you’re an entrepreneur, freelancer, or part of a remote team, our diverse range of products delivers excellence in meeting your workspace needs.

Private Cabins

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Dedicated Spaces:

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Open Spaces:

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Conference Halls:

Make an Impact in State-of-the-Art Conference Halls: Hosting a team meeting or client presentation? Our conference halls are equipped with all the amenities you need to make a lasting impression. From audiovisual equipment to comfortable seating arrangements, we’ve got you covered.

Meeting Rooms:

Facilitate Productive Conversations in Meeting Rooms: Need a space for brainstorming sessions or one-on-one discussions? Our meeting rooms offer a professional yet inviting atmosphere for productive conversations.

At Oplus Cowork, we exceed expectations to ensure your workspace experience is exceptional. With flexible membership options and unwavering commitment to customer satisfaction, we stand as your trusted partner in achieving business goals.

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Over 13 million people estimated to operate out of co-working spaces in India by 2020 and Currently, there are more than 800 coworking Space operating across the country. While most of these are concentrated in Delhi, Mumbai, and Bengaluru, over 179 are in Tier II and III cities. But Bihar is new for these kind of innovative concept that provide good working environment for Startup, Freelancer, New and Existing business.

The demand for flexible offices including co-working spaces and serviced offices – is growing faster in Asia Pacific than anywhere else in the world. In India, the growth of flexible office space is expected to grow at 40%-50% this year, showed a JLL India report. By the end of the year, flexible workplaces in India are expected to attract investment up to $400 million.

Coworking spaces today have become very popular and are seeing an exponential growth in India. In fact, India is the second-largest market for flexible workspaces in APAC, second only to China.

In Bihar there are few one which provides standard services, Like Networking Opportunities, Coffee, tea, prints, Secure, high-speed internet, Community Kitchen, Meeting rooms, Professional working environment, Printing & Scanning, Events & Training Zones.

In the coworking space, top seven operators – Cowrks, WeWork India, Awfis, Regus, Smartworks, 91springboard and OYO Workspaces – have more than 350 centres across cities in the country.

Anarock Property Consultant managing director Anuj Puri said.

Coworking spaces were initially preferred mostly by smaller companies and startups, freelancer today they are also preferred by large and medium-sized businesses for their affordable infrastructure and business opportunities. After covid19 most of company want to reduce there fix cost so that they invest more into working capital. when covid19 start then we got most of enquiry from large and medium-sized businesses, we got enquiry from Bajaj, NSE, Nelson, Usha, PineLab, Zomoto, Swiggy etc. some of them are convert and they start working.

We are very happy to serve all the new and existing business and try to improve ecosystem of bihar. Oplus Cowrks offers fully customisable office spaces suited to your team’s needs. With best interiors and intelligent technology, Oplus Cowrks offers you all the comforts of having your own office while working out of a co-working space. It has high-end meeting rooms and ample space for conducting medium-sized events.

For creating startup ecosystem in state like bihar, We worked with and helped more than 500 startups, entrepreneurs, and SMEs grow through with our incubation, coworking spaces and mentoring. Oplus Cowork brings best offers and opportunities to its members, entrepreneurs, and freelancers through partners like Amazon Web Services, SPLAN, Coworker etc.

-Founder Oplus Cowork

The coronavirus pandemic has served a global reality check. Even though the concept of social distancing pushed people away from each other, in-fact, brought the whole world closer; except maybe China. The Covid-19 has impacted each one of us in a major way and the world is still coping with the impact of this pandemic. One of its biggest impacts has been on the world economy, vis-à-vis businesses. It has completely changed the dynamics of how most of the major corporations worked.

This global pandemic has been a looming risk for decades, COVID-19 has come as a shock to society, health systems, economies, and governments worldwide.

After COVID-19 there is a risk that the world could be yet more divided, conflictual and nationalistic. But an alternative scenario is within reach. In this scenario, collective action within communities and, where necessary, internationally, will make a more rapid and peaceful exit from the crisis possible. The COVID-19 pandemic is exposing the quality of governance and competence of the world’s leaders. In times of crisis, most people instinctively turn to their governments for protection and assistance. When politicians and civil servants fail to deliver, they quickly lose credibility and legitimacy. Emergencies reveal the health of the social contract. And in crisis, competence matters.

Covid-19 has seen a steep rise in the work from home or WFH model of working in all the major corporations of the world. According to Infosys COO, UB Pravin Rao, the company is considering a hybrid model, where some of the employees will continue working from home and others from office. The IT industry employs more than 40 lakh people with 90 percent working from home due to the Covid-19 pandemic.

TCS is planning a 75:25 model, where 75 percent of the employees will work from home, while the rest 25 percent will have to work from their offices.

The Covid-19 pandemic may have put expansion plans of most businesses on hold. Also, Atmanirbhar Bharat, the vision of Prime Minister of India, Narendra Modi, will give rise to a startup culture in India. These startups will need office spaces to grow their businesses.

Firstly, coworking space provides a great opportunity for not only these startups but also other corporations for the expansion of their businesses at a feasible cost with no concern about the operations of the office space. The owners make sure that the coworking space meets all their needs and the office space is functioning smoothly. One major concern of the corporations is the network security. Coworking spaces make sure to use a VPN and have dedicated IP addresses to ensure the network security.

The cabins and meeting rooms ensure the privacy of the businesses too. Coworking space provides a great networking opportunity to the businesses along with other advantages. Work from home employees also have the option of booking a space for an hour or two and get fast Internet speed to get their work done in a different space for a change. Coworking space will provide a break from the monotony of working form home.  It will also provide a cost-efficient solution to the expansion plans of any business. Coworking space can provide the infrastructure for them and a lot of upcoming coworking spaces provide a customized space to businesses. Quite a few of the coworking spaces have great entertainment facilities to maintain employee productivity and morale. Coworking space will also ensure that any major catastrophe in future does not have a big impact on the business operations.

Consequences of COVID-19 for coworking

One of the most obvious consequences of coronavirus has been the massive rise in the number of people working from home, which we hoped would boost coworking operations in an article we wrote last week.

However, the survey unfortunately found the opposite to be true — 71.67% of spaces said they have witnessed a significant drop in the number of people working from their space since the outbreak. 

Along with a dwindling in-person workforce, 40.8% of coworking spaces reported a negative impact on membership and contract renewals since the outbreak. And, 67% of spaces have experienced a drop in the number of new membership enquiries.

For coworking spaces all across the globe, the consequences of coronavirus are far-reaching and have fully altered the way that the spaces carry out daily business. In the survey, we asked spaces what the top consequences they’ve experienced as a result of coronavirus are, and they responded with the following:

• Event cancellations (71.04%)
• Meeting/conference room cancellations (65.99%)
• Membership cancellations (34.68%)
• Changing behaviors of members (24.24%)
• Space closure (20.2%)
• Sick members (8.75%)

Coworking Spaces adopt alternative business models 

While these consequences are both threatening and highly disruptive to coworking operators across the board, spaces are finding unique ways to deal with the effects of the outbreak in a positive way. By reassessing their services and creating new solutions, many spaces have adopted alternative business models in an effort to not only stop the spread of the virus, but also to support their community’s current needs.

In our survey, we asked our 14,000 spaces if they had adjusted their business model or introduced any new practices in response to COVID-19. Here are some of the new models spaces are integrating to help them navigate the crisis:

• Adjusted cancellation policies to allow for more relaxed cancellation periods
• Lower pricing for new members and discounts to current members
• New student memberships for university students transitioning to online classes
• New “virtual plans” and offering virtual mail services, in which no physical presence is required
• Ability to roll over any unused days to future months for part-time shared desk members or pause membership entirely
• Single-person rentals of meeting rooms for virtual meetings
• Virtual member events and online workshops, including collaborations with video conferencing companies
• Partnerships with local businesses to assist members and their families, including additional services by food delivery companies
• Changing marketing strategies to reflect a new focus on selling private office memberships

Coworking space provides great solutions to small, medium, and big businesses alike to start or expand their operations. It gives a great opportunity to SMBs to take the next step in their entrepreneurial journey. The time and opportunity are right for the coworking spaces to provide a great solution to all the businesses post the Covid-19 pandemic.

Call Oplus Cowork now, to get yourself a great coworking space in Patna.

 

Sharma’s belief stems from the fact that detachable batteries are becoming more and more popular among EV two-wheelers. He likens it to users charging a smartphone or any other gadget at home. With a focus on battery swapping and charging the replaceable battery packs at any electrical plug, Okinawa Autotech is looking to flood the market with its EV two-wheelers over the next couple of years.

“The scooters have a detachable battery that can be charged as simply as a mobile phone at homes.”

As a mechanical engineer and with over a decade of experience with Honda Motorcycles and Scooters India, Sharma established Okinawa Autotech in 2015 along with Rupali Sharma with the aim to break the myth that electric vehicles cannot compete with petrol and diesel two-wheelers in terms of performance, speed and reliability. Along the way, it also realised that it needs to solve the mindset of Indian consumers of wanting as much value as possible and not wanting to spend extra to change their habits.

“I visited this island in Japan called Okinawa which is known for its zero-pollution environment. This experience worked as an inspiration to start something that would contribute to creating an eco-friendly environment in India,” said Sharma.