Why in News?
On July 4, 2023, the Startup-20 Gurugram Summit organized by the Startup 20 Engagement Group under the chairmanship of India G-20 concluded successfully. The 2-day summit was attended by over 600 delegates from 22 countries.
Important Points:
- During the closing ceremony, Dr. Chintan Vaishnav, President of Startup20, officially handed over the torch to Brazil as Brazil is to chair the G20 next year.
- The two-day summit served as a platform to foster innovations, collaborations, knowledge sharing and strategic alliances within the global startup ecosystem.
- Underlining the importance of Startup20, Saudi Arabia’s Prince Fahd bin Mansour announced an ambitious allocation of $1 trillion per year to the startup ecosystem by 2030.
- Saudi Arabia became the first country to provide support for global startups to reach $1 trillion.
- This initiative of Saudi Arabia will be helpful in strengthening startups for global welfare.
- The Startup20 Gurugram Summit serves as an important platform for the startup ecosystem, ecosystem builders, industry experts, government, policy makers and thought leaders to collaborate and shape the way for startups globally.
Frequently Asked Questions (FAQs) about Startup-20 Gurugram Summit:
The Startup-20 Gurugram Summit is an annual event organized by the Startup 20 Engagement Group. It serves as a platform for fostering innovations, collaborations, knowledge sharing, and strategic alliances within the global startup ecosystem. The summit brings together delegates from various countries to discuss and shape the future of startups globally.
The Startup-20 Gurugram Summit took place on July 4, 2023.
The Startup-20 Gurugram Summit was organized by the Startup 20 Engagement Group.
The purpose of the Startup-20 Gurugram Summit was to foster innovations, collaborations, knowledge sharing, and strategic alliances within the global startup ecosystem. It aimed to bring together stakeholders from the startup ecosystem, including ecosystem builders, industry experts, government officials, policy makers, and thought leaders.
During the summit, Saudi Arabia’s Prince Fahd bin Mansour announced an ambitious allocation of $1 trillion per year to the startup ecosystem by 2030. This initiative aims to support global startups and contribute to their growth and development.
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