32.6 C
Brisbane
Thursday, February 22, 2024
spot_img

Industry stakeholders hail inclusion of startups as part of G20 Delhi Declaration

New Delhi, Sep 10 (IANS) The Indian startup ecosystem stakeholders on Sunday hailed the inclusion of startups as part of the Delhi Declaration for the first time in the history of G20.

India has taken the initiative to launch the Startup20 Engagement Group during its G20 Presidency.

“We are glad that Brazil has picked up the mandate to continue the Startup20 Engagement group into their presidency next year. We look forward to working on implementing the Startup20 recommendations over the next couple of years,” said Rajan Anandan, Managing Director of leading venture capital Peak XV (formerly Sequoia Capital India and SEA).

One of the most significant recommendations is that every G20 nation should invest 1 per cent of their GDP into startups by 2030.

“This will add up to $1 trillion per year of startup funding across the G20 nations,” said Anandan, who is also Co-Chair of the Finance Taskforce of the Startup20 Engagement Group.

Startup20 is the first of its kind official engagement group initiated under the Indian presidency of the G20 2023.

The Startup20 Engagement Group would create a global narrative for supporting startups and enabling synergies between startups, corporates, investors, innovation agencies and other key ecosystem stakeholders.

“Startups are driving innovation on a global scale, and these emerging entrepreneurs necessitate a specialised platform to facilitate regulatory ease, cross-border partnerships, technology policy, and the cultivation of global synergies among key stakeholders within the ecosystem,” Dr Ritesh Malik, Director, Alliance for Digital India Foundation (ADIF), a think tank for India’s digital startups, told IANS.

“Innovation will play a pivotal role in addressing the world’s pressing global challenges, such as climate change, unemployment, cybersecurity, poverty, pollution, and the like,” he added.

Startup20 India will operate through Task Forces which are structured to develop key priorities and bring forward the topics in which recommendations would be formulated to support the startup ecosystems globally.

Related Articles

Talk to drive-time RJ Neevia

Listen Live Radio




Loading ...

- Advertisement -Radio Brisvaani Live

Stay Connected

795FansLike
73FollowersFollow
23SubscribersSubscribe
- Advertisement -Radio Brisvaani Live

Latest Articles

Download Our Apps

Diaspora

News From India

World News

Pallara District Sports Park concept plan project

Brisbane City Council is creating more to see and do in a city that is clean and green by undertaking the Pallara District Sports...

Politics

Opposition Leader, the Hon Peter Dutton, visits India

The Leader of the Opposition, the Hon Peter Dutton MP, recently concluded a highly productive visit to New Delhi, India. The trip reinforced the Coalition’s...

Most Popular

- Advertisement -Radio Brisvaani Live
- Advertisement -Radio Brisvaani Live
- Advertisement -Radio Brisvaani Live