With world leaders from across the globe including US President Joe Biden, Britain’s Prime Minister Rishi Sunak, Japanese Prime Minister Fumio Kishida, Canadian Prime Minister Justin Trudeau, South Korean President Yoon Suk Yeaol, French President Emmanuel Macron, and Türkey President Recep Tayyip Erdoğan attended the summit, the occasion was being long anticipated. This year marks the first time that India is presiding over the summit, and the nation took full advantage of the historic opportunity.
The country has launched a Startup20 initiative under its G20 presidency, which is aimed at strengthening India’s already booming startup ecosystem. The Startup20 engagement group invites active participation on the part of stakeholders from the global startup ecosystem, including investors, entrepreneurs, and influencers, to discuss topics such as macroeconomic concerns, challenges faced by entrepreneurs, and the path forward. According to a recent survey conducted, 75% of Indian investors have expressed optimism about the positive implications that the G20 Summit might have on the Indian startup ecosystem.
Sourabh Deorah, CEO and Co-founder of Advantage Club said, “The G20 Summit in India not only offers a monumental opportunity for our startup ecosystem but also firmly brands India as a major force in the global arena. The potential for relaxed regulations boosted investor confidence, and wider market access can accelerate the already projected remarkable growth expected in the next few years. As the world watches, it’s a pivotal moment for India’s tech and startup sector. I’m confident that this summit not only celebrates our present achievements but also cements our role in shaping the global tech narrative, presenting a golden opportunity to craft an extraordinary future.”
Anil Agarwal, CEO & Founder of InCruiter said, “The G20 summit in India is a catalyst for our startup ecosystem. It’s our moment to shine on the world stage, attracting top talent, investors, and customers. While the G20 summit in India presents a unique platform for global collaboration and economic discussions, it also offers immense opportunities for our thriving startup ecosystem. As we engage with leaders from around the world, we anticipate increased attention and investment in India’s innovative startups, particularly in sectors like technology, healthcare, and sustainability. This international spotlight will not only fuel growth but also open doors for partnerships, talent acquisition, and global expansion. We are excited about the possibilities that lie ahead and are ready to seize them with both hands.”
, “Building in India for the World” is the next big step for the Indian startup ecosy
Anshul Khurana, Co-Founder of Entitled Solutions saidstem and the G20 summit enables an opportunity to demonstrate Indian innovation to the World firsthand. It will help attract more strategic global investment that will allow our products and services to go global and amplify economic impact.”
Anant Bengani , Director & Co-Founder of Zell Education said, “The G20 Summit in India is a unique opportunity to focus on the economic well-being of countries and foster successful partnerships between nations. The event will bring several advantages to the Indian startup ecosystem such as increased access to global markets, foreign investments, and collaboration opportunities. This Summit is going to be instrumental in driving innovation and unlocking global markets for the startup sector.”
Saurabh Arora, Founder & CEO of University Living said, “Hosting the G20 summit, India opens doors of unprecedented opportunities for its vibrant startup ecosystem. The event not only garners international visibility for Indian startups but explicitly cultivates an atmosphere of global collaboration. The influx of leaders from the world’s largest economies sparks potential foreign investment interest, injecting much-needed capital and globally tested expertise into India’s startup landscape. Centered on the ethos of entrepreneurship and digital metamorphosis, the summit transcends mere conversations and transforms into a launchpad for exchanging profound knowledge and path-breaking ideas. More than an event, the summit serves as a catalyst stirring the much-required advances in business policies. By showcasing the caliber of Indian innovation on this global stage, the G20 summit ensures an upward trajectory for Indian startups, paving the way for them to be global disruptors and industry game-changers.”
Garima Mitra, Co-Founder of Treelife said, “Thrilled to see India’s thriving startup ecosystem, boasting over 100 unicorns with a combined valuation of approximately $350 billion. The introduction of Startup20 and hosting the G20 summit provides an invaluable global platform for our startup community to voice its challenges and concerns.This initiative showcases India’s enormous potential as a preferred destination for foreign investment and could be the catalyst our ecosystem needs to emerge from the recent funding downturn, exemplified by a significant 75% drop in Q1 2023 compared to the previous year.With the world’s attention on us, we are poised for a dynamic and resilient comeback, driving innovation and growth in the years to come.”
Rohit Gupta, Co-Founder & COO, College Vidya said, “As a nation, India has been a potent source of valuable and innovative contributions to the world economy. The G20 Summit in India can be a trailblazer in providing Indian entrepreneurs and young start-ups a platform for a global exhibition of the vast repository of unique business ideas we harbour.”