The Prime Minister of India, Narendra Modi, has extended an invitation to the nation’s youth to participate in “Prarambh”, the Startup India International Summit. Modi emphasized the summit’s objective to assemble a diverse group of professionals from various sectors including education, investment, industry, banking, and finance, offering a unique opportunity for young startup enthusiasts to engage with experts and influential leaders.
Details of the Startup India International Summit
Scheduled to take place on January 15 and 16, the Startup India International Summit will be conducted virtually. This approach allows for a broader, global audience and participant base, enabling a seamless exchange of ideas and insights across geographical boundaries. The event is being organized by the Department for Promotion of Industry and Internal Trade (DPIIT), which is instrumental in fostering industrial growth and promoting internal trade within India.
Prime Minister Modi’s Address at the Summit
Prime Minister Narendra Modi is expected to address the participants during the summit. His speech is anticipated to further encourage the startup ecosystem and underline the government’s commitment to supporting entrepreneurs and innovators across the country.
Celebrating Five Years of Startup India
The summit will not only focus on fostering new connections and learning but will also celebrate the 5th anniversary of the Startup India campaign. Launched by PM Modi in January 2016, the initiative has been pivotal in bolstering the startup culture in India, providing support through funding, simplifying regulations, and offering incentives to spur innovation and entrepreneurial ventures.
Exclusive Roundtables Hosted by DPIIT
As part of the summit, DPIIT will conduct two exclusive closed-door virtual roundtables. These sessions will be held in collaboration with esteemed organizations such as the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce & Industry (FICCI), International Finance Corporation (IFC), TiE Global, and the Indian Private Equity and Venture Capital Association (IVCA).
Participation of Policymakers and Global VC Funds
These roundtables will witness the participation of key Indian policymakers, regulators, ministry heads, and representatives from Global Venture Capital Funds originating from Japan, the USA, Singapore, Korea, and India-based Global Fund Managers. The involvement of such high-profile attendees underscores the significance of the summit and the potential impact it could have on shaping the future of startups in India and beyond.
Focus of the Roundtable Discussions
The roundtable discussions will concentrate on two main themes: “Global Funds Regulatory Roundtable” and “Mobilizing Domestic Capital for Startups.” The former will address regulatory aspects and ways to create a more conducive environment for international funds interested in investing in Indian startups. The latter will explore strategies to unlock domestic capital, thereby enhancing financial support for homegrown startups and entrepreneurs.
Open Registration for the Summit
Registration for the Startup India International Summit is open, inviting individuals who are keen on engaging with the startup ecosystem. This open registration process ensures that a wide array of participants, from budding entrepreneurs to seasoned industry veterans, can take part in the event and contribute to the discussions and networking opportunities it presents.
By hosting this summit, India is poised to strengthen its position as a global hub for startups and innovation, fostering an environment where ideas can flourish and businesses can thrive.
