G20 Startup group to meet in Hyderabad to boost emerging economies

The G20 Startup Engagement Group, formed after India assumed the presidency for G20 nations in December, will hold its inception meeting in Hyderabad this week. The meeting will be attended by delegates from G20 nations and nine special invitees from observer countries, representatives from multilateral organizations as well as the Indian startup ecosystem.

The group is expected to create supportive policies for industry players and government organizations to work with startups and provide points of contact for the participating G20 countries for sustained collaboration.

The meeting will create a global narrative for supporting startups and fostering synergies between startups, corporates, investors, innovation agencies, and other key ecosystem stakeholders, an official statement said.

India, home to the third largest startup ecosystem in the world, is well-positioned to lead the charge in supporting innovative startups, particularly in the sectors of global importance, Chintan Vaishnav, chair of the new group said.

“The group will also bridge the knowledge gap between the startup ecosystems of G20 member countries and emerging economies through partnerships with enablers such as incubators and government agencies,” Vaishnav said.

“Additionally, we aim to create supportive policies for industry players and government organizations to work with startups,” he added.

The Startup20 has three main taskforces; the Foundation and Alliances Taskforce, Finance, and Inclusion and Sustainability.

The Finance Taskforce will aim to increase access to capital for startups by providing financing and investment platforms specifically for those in the early-stage.

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