Hyderabad will host the two-day Startup 20 launch summit starting on Friday, hosted by India as the G20 presidency.
Hyderabad will host the Startup 20 Engagement Group’s two-day first meeting starting on Saturday when India holds the G20 chair.
Several meetings and programs will be hosted across the country as part of India’s G20 chairmanship. The G20 consists of both developed and developing countries. In terms of the requirement to produce more entrepreneurs for a progressive economy, Startup 20 is a significant engagement group.
According to G20 Sherpa Amitabh Kant, Hyderabad stands out as the ideal place for the launch of the Startup 20 engagement group because of its long history of innovation culture.
Five events make up the Startup 20 activities, including an inception meeting, a summit, and three smaller events in between that will take place across India. The Startup 20 Summit will begin on July 3 in Gurugram.
Anurag Jain, secretary of the Department for Promotion of Industry and Internal Trade, stated that Startup 20 is built on three distinct pillars, including a foundation and alliance, financial inclusion, and sustainability.
The main goal of Startup 20 is to improve synergies between Indian start-ups, corporations, investors, innovation agencies, and other important ecosystem stakeholders in order to foster an environment that is favorable for start-ups.
According to Startup20 India Chair Dr. Chintan Vaishnav, “the group will also close the knowledge gap between the startup ecosystems of G20 member nations and emerging economies through partnerships with enablers like incubators and government agencies.” He further stated that the group’s goal is to close the knowledge gap in the member nations’ startup ecosystem economies. This will assist the government in developing startup-friendly policies.
The association will also give start-ups from G20 member nations a shared forum to talk about a range of topics pertaining to their establishment and operation. Along with discussing, they will also come up with practical advice such as strengthening enablers’ capacities, identifying financial gaps, improving employment prospects, achieving SDG targets, increasing climate resilience, etc. In the end, this will contribute to the creation of a startup ecosystem that is welcoming to all.