January 25, 2023
Show AI Summary
Startup policy harmonization to promote cross-border collaboration, broaden early-stage financing, and support inclusive sustainable startups.
Formation of a G20 Startup20 Engagement Group to develop coordinated policy recommendations and operational instruments for the global startup ecosystem, convening an inception meeting to harmonise definitions, promote cross-border knowledge sharing, and foster collaboration among startups, corporates, investors, innovation agencies and government enablers. Activities are organised into three taskforces-Foundation and Alliances, Finance, and Inclusion and Sustainability-tasked respectively with consensus definitions and partnership facilitation; increasing early-stage access to capital and investor frameworks; and promoting women-led, inclusive and SDG-aligned startups alongside responsible investment and mentorship. Deliverables include a policy communique, a Startup Handbook of agreed terminologies, a Global Innovation Centre, and designation of Startup20 as a global contact point.