PM to interact with Startups and address ‘Prarambh: Startup India International Summit’ today

On Day One, “Prarambh -Startup India International Summit” attracted world’s best strategic minds for accelerating international collaborations

With participation from over 25 countries and more than 200 global marquee speakers, the Summit is the largest startup confluence organised by the Government of India since the launch of the Startup India initiative in 2016

With a focus to reimagine the importance of convergence and collaboration between countries to further their startup ecosystems, Day 1 of Prarambh: Startup India International Summityesterday brought some of the leading minds from around the world on one platform. They deliberated on issues and topics ranging from technologies, innovation, robust policies and initiative. It enabled government and international organizations to share their views to ignite the minds of young innovators and entrepreneurs. The 2-day event is being organizing by Department for Promotion of Industry and Internal Trade, M/o Commerce & Industry. Prime Minister Shri Narendra Modi will interact with startups and address the Summit today at 5 p.m. via Video Conferencing.

The two-day summit was yesterday inaugurated by Shri Piyush Goyal, Minister of Commerce and Industry where he addressed a gathering of innovators, entrepreneurs, investors, regulators, industry leaders, and academic luminaries from India and across the world including BIMSTEC countries and also launched the Virtual Startup Showcase.

Day 1 of the Summit saw over 1,20,000 registrations and was devoted to host dignitaries and stakeholders from BIMSTEC member States. The Summit witnessed 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 focussed 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 on building successful Incubation Programs and enabling more avenues for Procurement &Market Access for Startups.

A closed door round table 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, policy makers, Ministries and Global VC Funds.

Day 1 was graced by leading industry leaders, from the wider innovation and entrepreneurship ecosystems from across the world including Mr. Kris Gopalakrishnan (Chairman and Founder, Axilor Ventures), Ms.ShobanaKamineni (Executive Vice-Chairperson, Apollo Hospitals Enterprise), Mr. Deep Kalra (Founder and Group CEO, MakeMyTrip), Mr. Manoj Kohli (Country Head – Softbank India), Mr.KunalBahl (CEO & Co-Founder, Snapdeal) and many more.

There was a special session “Star Talks” with Ms.SheerenBhan, Managing Editor, CNBC TV-18 in exclusive conversations with Mr. John Chambers, Former Chairman & CEO, Cisco and Mr. Sunil Kant Munjal, Chairman, Hero Enterprise. The session also included a special chat with Ms. Priyanka Chopra Jonas, leading actress.

Prarambh: Startup India International Summit marks the fifth anniversary of the Startup India initiative launched by the Prime Minister Shri NarendraModi on January 16, 2016. 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, TiE Delhi NCR, CII, NASSCOM, SIDBI, TiE Globaland International Finance Corporation.

Startup internationalisation fosters cross-border collaboration, policy coordination and global capital mobilisation to strengthen early-stage ecosystems. The summit convened global stakeholders to accelerate cross-border collaboration, policy coordination and mobilisation of global capital for early-stage enterprises, emphasising internationalisation pathways, ease of doing business for global venture funds, a Virtual Startup Showcase, investor pitching, and strengthening incubation, procurement and market access for startups.