Fri. Jul 19th, 2024

New Delhi: Prime Minister Narendra Modi will interact with Startups and address ‘Prarambh: Startup India International Summit’ on Saturday at 6 PM via Video Conferencing.

The two-day summit was inaugurated by Piyush Goyal, Minister of Commerce and Industry on Friday.

As per PMO, day 1 of the summit saw over 1,20,000 registrations and was devoted to hosting dignitaries and stakeholders from the BIMSTEC member states. The summit witnessed the participation of renowned stakeholders from startup communities of BIMSTEC member states who engaged in multilateral discussions and showcased the best of their innovations. The day also saw non-stop pitching by 54 enterprising startups with 75 investors.

A marathon of sessions focusing on various aspects of global best practices and nurturing stronger startup ecosystems, bringing together experts/ startup founders from BIMSTEC Member countries to share their experiences and guide young minds on how to convert Ideas to Proof of Concept, building robust go-to-market strategies and leveraging Social Innovation. Key stakeholders of the ecosystem also discussed strategies for building successful Incubation Programs and enabling more avenues for Procurement and Market Access for Startups.

A closed-door roundtable was also hosted with emphasis on internationalization for startups and mobilizing global capital for Indian Startups while promoting ease of doing business for global venture funds. The roundtable was attended by major Indian regulators, policymakers, Ministries, and Global VC Funds.

Prarambh: Startup India International Summit marks the fifth anniversary of the Startup India initiative. The Summit is built on the foundation set through the 19-point action plan of the Startup India initiative in 2016.

The event is supported by Industry bodies Invest India, FICCI, Indian Angel Network, IVCA, TiEGlobal and, CII, NASSCOM, SIDBI, TiE Global, and International Finance Corporation.