🚀 Innovative Small Firms

Innovative small firms tend to thrive in sectors where:

• 🚪 Entry barriers are low

• 🔄 Flexibility and adaptability are valued

• 🧠 Knowledge and creativity outweigh the need for capital-intensive infrastructure

📚 Knowledge-Based Services Sector

Highly conducive to innovation because:

• Relies on intellectual capital, not heavy machinery

• Emphasizes problem-solving, creativity, and personalized value delivery

✅ Examples:

• 🎓 EdTech Platforms (e.g., Byju’s, Unacademy)

• 📊 Consulting Firms

• 📰 Digital Media Agencies

💻 Information Technology (IT) Sector

An ideal space for small, agile, and innovative startups, especially where:

• 🧑‍💻 Coding, algorithms, and digital innovation matter more than physical assets

• Fast prototyping and scaling are possible

✅ Examples:

• ☁️ SaaS Startups (e.g., Zoho, Freshworks)

• 📱 App Developers

• 🤖 AI and Machine Learning Startups