: Gangtok to host second Startup20 Engagement group meeting tomorrow #FinanceIndia #StockMarketNEWS Gangtok to host second Startup20 Engagement group meeting tomorrow New Delhi, Mar 17 (KNN) The second

@StockMarketNEWS Mon 20 Mar, 2023

Posted in: #FinanceIndia #StockMarketNEWS

Gangtok to host second Startup20 Engagement group meeting tomorrow #FinanceIndia #StockMarketNEWS
Gangtok to host second Startup20 Engagement group meeting tomorrow New Delhi, Mar 17 (KNN) The second meeting of the Startup20 Engagement group, newly formed under India’s G20 Presidency, will take place in Gangtok, Sikkim on 18 & 19 March 2023.

Delegates from G20 member and invitee countries, representatives from multilateral organisations, and stakeholders from the Indian startup ecosystem will participate.

Startup20 Chair Dr. Chintan Vaishnav said, “The Sikkim Sabha offers a unique opportunity to bring the Startup world to the pristine North East of India and showcase its unique and growing ecosystem. ”

The Sikkim Sabha will forward the agenda finalised during the inception meeting held in Hyderabad on January 28-29, 2023, with the support of all attendee delegates.

During the inception meeting, the objectives, and deliverables of the three taskforces, namely Foundation and Alliances, Finance, and Inclusion and Sustainability, were reworked to incorporate suggestions from all the delegates.

The Foundation and Alliances Taskforce will work to harmonize the global Startup ecosystem through consensus-based definitions.

It will set up a global knowledge repository/ hub for startups that would showcase and share best practices within G20 countries.

The taskforce will also create Bilateral and Multilateral collaborations with governments, policymakers, academic & research institutes, industry associations and international organizations with startups including those focusing on SDGs.

Finally, it will create mechanisms for global access to markets and talent for startups operating in G20 nations and recommend supportive policies for industry players and government organizations to work with startups.

The Finance Taskforce will aim to increase access to capital for Startups by providing financing and investment platforms specifically to broaden the array of financial instruments available to Startups.

It will provide ease of access towards patient capital with timely access through non-equity based financial products and allocate a specific sum of money to prioritized sectors.

The taskforce will also harmonize tax and legal regulations to encourage public investment in startup funding and interact with the foreign investor ecosystem of G20 nations.

Lastly, it will create pitching, capacity building and networking opportunities for startups with the global investor community through a best practices document on startup investments.

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