Importance of Tech Startups in Post-pandemic Era
SME World|October 2020
The world that would emerge out of the Covid-19 pandemic would be quite different from the world we've grown to know and understand. A tsunami of digitization would come and wash over everything. There would be massive changes in the labor market as well. Having proven its worth during the lockdown phase, work-from-home will continue to remain the preferred method of working for most of the employees as well as the companies.
Rachit Chawla

A restructuring of the entire supply chain would take place as well and global trade and commerce would be impacted heavily. Many businesses will begin to rely on local vendors and manufacturers instead of foreign exporters to fulfill their need for raw materials.

It appears that in the new normal, we will be faced with novel challenges and the innovators would have to come up with novel solutions. This could also be the much needed silver lining for the startup industry amid these dark clouds. Since startups by their very definition are focused on providing solutions through innovations, the new normal could turn out to be a greenhouse for nurturing tech startups. Let us look at some of the sectors where the tech startups can make a breakthrough post-Covid.

Healthcare Industry

Currently, there are over 32 million cases of Coronavirus infection all over the world. To find a solution to this problem, many health tech startups are leveraging technologies like AI (Artificial Intelligence), biomedical engineering, 3D printing, nanotechnology, and robotics, to find a solution to the crisis. AI technology, for example, is being used worldwide for drug repositioning.

The Covid-19 pandemic has made people more conscious about their health than they ever were. People are realizing the importance of a healthy immune system, and thus, we might see the emergence of plenty of startups in the future that cater to the demand for products that help boost immunity.

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