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<h1>Govt Official Urges Venture Capitalists to Focus on Small Cities for Innovation and Growth in India's Startup Ecosystem.</h1> Venture capitalists are crucial to India's startup ecosystem and economic growth, as highlighted by a government official at an industry conclave. The official emphasized the role of venture capitalists and angel investors in driving innovation and technological advancement, urging them to focus on smaller cities to tap into untapped talent. The Indian Venture and Alternate Capital Association (IVCA) is seen as a bridge between the government, startups, and consumers. The official also stressed the importance of fostering innovation, future technologies, and mobilizing domestic capital to achieve self-reliance and significant export growth.