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Abstract
The main purpose of this research paper is to highlight the importance of new cutting edge technologies and their transformational impact in new business model which is mainly backed by Innovations. This paper will explore all the aspects of advancement of technology specifically the development in the area of cloud computing and their implications on new business model which is complemented by Innovation i.e “Startups”. Innovative businesses are the bedrock of the Tech based Indian startup ecosystem that embraces new ideas and new enterprises, which is essential for the development of Indian economy. We studied various articles and research papers and realize that the government at all level is instrumental in extending stupendous impetus to boost up startup ecosystem environment by using cutting edge technology like cloud computing, AI and IoT’s etc. Through an intensive study we endeavor to understand that how startup founders are able to establish a successful entrepreneurial ecosystem by bringing technology and Innovation together. This study also illuminates our belief and underlines the differences between doing digital and being digital and digital transformation which may depends on latest infrastructure, better hardware availability and its success fundamentally rests on Innovation and Innovative ideas emerged from young talented peoples.