Startup-20's two-day inception meeting begins in Hyderabad

Tags: Economy/Finance National News

A two-day inception meeting of the Startup-20, the new engagement group of G-20 initiated by India, has begun in Hyderabad on 28 January. 

An overview of the news

• Union Tourism Minister G Kishan Reddy, G-20 Sherpa Amitabh Kant, Startup-20 President Chintan Vaishnav, JS Ashish Sinha from G-20 Secretariat and around 180 delegates from G-20 participated.

• As part of India's G20 presidency, a number of meetings and events will be held at various places across the country.

• It will provide a common platform to startups from G20 member countries to discuss a range of issues related to their establishment and operations.

• It aims to bridge the knowledge gap in the startup ecosystem economies of the member countries.

• This will help the government to make startup friendly policies.

About Startup -20

• Startup 20 is an important working group in the context of the need to generate more entrepreneurs for a growing economy.

• Startup 20 is based on three distinct pillars which include Foundations and Alliances, Finance and Inclusivity and Sustainability.

• The main objective of Startup 20 is to create a conducive environment for startups by increasing synergy between startups, corporates, investors, innovation agencies and other key ecosystem stakeholders.

• With its rich background of culture of innovation, Hyderabad is an ideal location for the inception ceremony of Startup 20 of G20 group.

• Startup 20 activities will include five events including Inception Meet, Summit and three other intervention events in different parts of India.

• Startup 20 Summit will be held in Gurugram from 3rd July.