Contribution of R&D and Innovation in Technology Based Startups in India

In a fast-paced world where technology is changing rapidly and entrepreneurship is getting exponentially celebrated each successive day, it is a major requirement to throw light on the features that affect those startups which have a technological foundation. The need to assess and evaluate these features arises from the fact that the upcoming generation will be heavily dependent on technology and to ease veterans and novices in the field of entrepreneurship to generate significant revenue. This paper aims to investigate the contribution of Research and Development (R&D) and Innovation in technology-based startups in the Indian context. In today's world, technology-based businesses play a crucial role in fostering innovation, job creation, and economic development. We examine the link between R&D and Innovation and Revenue Growth through the utilization of Machine Learning. We draw a comparative study between different Regression models to determine the most accurate outcome for revenue generation. Our findings indicate that R&D and innovation have a substantial favorable effect on the revenue growth of India's technology-based companies, hence concluding that they should be seen as key criteria for the development of technology-based firms, and investing in them might provide favorable results.