Commerce Ministry organised state startup conference to help budding entrepreneurs

The Department of Industrial Policy and Promotion, Government of India organised the second State Startup Conference on 12 September 2017 in New Delhi.

Inaugurated by the Minister of State, C.R. Choudhary, the event saw in attendance several senior dignitaries from states, Union Territories, incubators, accelerators, funding agencies, VCs, angel investors and startups.

The conference was held mainly to deliberate on issues including incubation facilities and making regulations easier for budding entrepreneurs.

The discussions were centered on four main themes related to key components of the startup ecosystem:

• Governance reforms to be undertaken by states for startups.

• Incubation facilities in India and role of state governments in developing these facilities.

• Role of state governments in setting up funds for startups.

• Making regulations easier for Startups.

Further, in order to provide momentum towards building up a positive startup ecosystem in the states, a framework for ranking various states and union territories on the basis of initiatives taken to promote start-ups was also discussed.

The conference is expected to provide a significant impetus to the creation of an enabling Startup Ecosystem in the country.