Startup India International Summit 2021: PM Narendra Modi to address summit on January 16th

The Startup India International Summit marks five years of the launch of the Startup India initiative. which has played a key role in encouraging the spirit of entrepreneurship across India. 

Created On: Jan 15, 2021 17:52 ISTModified On: Jan 15, 2021 17:53 IST
Startup India International Summit

The Startup India International Summit- ‘Prarambh’ is being organised virtually by the Department for Promotion of Industry and Internal Trade (DPIIT) between January 15-16, 2021. The summit was inaugurated by Union Commerce and Industry Minister Piyush Goyal who stated that Prarambh’ is a beginning of a new journey towards new horizons with hope, encouragement & confidence.

The Minister further said that the government has decided to go beyond  Government to Government, Business to Business collaboration to a startup-startup collaboration and thus, invites startups from neighbourhood countries to engage with Indian startups.

He stated that such a collaboration will have a huge potential as it will enable new ideas to prosper and encourage young minds to come together and work collectively to come up with new ideas, innovations and inventions.

Prime Minister Narendra Modi is scheduled to address the concluding session of the summit tomorrow, on January 16th. 

Significance

The Startup India International Summit marks five years of the launch of the Startup India initiative. which has played a key role in encouraging the spirit of entrepreneurship across India. 

Key Highlights 

The summit is expected to bring together top industry people, policymakers, investors, academia, startups and all stakeholders from across the globe.

The summit' sessions have been designed in a way to showcase the spread of entrepreneurship based on innovation in India. They will also deliberate on good practices from the best of the ecosystems across the world.

The first day of the Summit has been dedicated to host BIMSTEC Startup Conclave. The Union Commerce Minister in his address encouraged Indian investors to look at the BIMSTEC region and work towards greater engagement through investment, mentorship and support. 

The summit will also involve panel discussions with startups and other stakeholders on various themes stretched over the two days of the Summit.

The BIMSTEC Startup Conclave will involve seven Panel Discussions on the themes of Knowledge Exchange Workshop, Sharing Best Practices, Promoting Social Innovation and Multilateral Incubator Programmes.

Around 100 Startups from BIMSTEC countries are expected to participate in the Virtual Startup Showcase.

The selected startups will then get the opportunity to interact with PM Narendra Modi at the Grand Plenary session tomorrow. 

Objective

The main objective is to focus on global capital for startups in India and mobilise domestic capital. The summit also aims to provide opportunities to the Indian startups to access international markets and evolve enabling policy provisions. 

Background

The BIMSTEC Startup Conclave was one of the announcements made by PM Narendra Modi at the 4th BIMSTEC Summit in Kathmandu in August 2018 to enhance connectivity among the entrepreneurs of the region.  

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