The Startup20 Shikhar summit under India's G20 presidency began in Gurugram, Haryana today. The Startup20 Engagement Group is hosting the two day Startup20 Shikhar summit. Speaking on the occasion, Minister of State for Commerce and Industry Som Prakash said, education and awareness play a vital role in nurturing a culturally sensitive startup ecosystem. He said, India's recent climb on the global innovation index can be largely attributed to the dynamic startup ecosystem. Mr Prakash said, startup-20 strives to create a conducive business environment across G20 nations and assist sach talents from diverse background to commercialize, scale up and innovation further.
On the occasion, G20 Sherpa Amitabh Kant said, in India, the total investment in start-ups has gone up to 19 times. He said, Prime Minister Narendra Modi had launched the startup movement in 2016. Mr Kant said the number of start-up has increased to 100 thousand from just one hundred startups. He said there is no shortage of funds for good startups with strong business models. He said, startups should not look at only India alone as market but look at the world also. Mr Kant said, the government's objective is to make startup a world class company. He said, India should work together in partnership with other G20 nations, so that they can also create startup movement.
During the summit, startup 20 communique was released, which urged G20 leaders to raise the joint investment in the global startup ecosystem to one trillion US dollar by 2030.
Six hundred stakeholders from different countries are participating in the summit. Two hundred international delegates from Sixteen G20 nations and Six invitees nation are participating in the summit. The Startup20 Engagement Group operates under the India G20 Presidency, aiming to shape the future of the global startup ecosystem. The Startup20 Shikhar Summit signifies India's commitment to fostering an enabling environment for startups and reinforcing its position as a global leader in innovation and entrepreneurship. It serves as a significant milestone in the journey toward unlocking the potential of startups to drive economic growth, job creation, and societal progress.
