Gandhinagar: Ahead of next month’s Vibrant Gujarat Global Summit (VGGS), the state government will organize the Startup Conclave 2023 in Gandhinagar on December 7.
The conclave will witness participation of unicorn startups and venture capitalists from across the country besides leading businessmen of Gujarat.
Minister for higher and technical education Rushikesh Patel said on Monday that a roundtable meeting will be chaired by chief minister Bhupendra Patel in Gandhinagar, where Union education minister Dharmendra Pradhan and Union minister of state for skill development, entrepreneurship, electronics, and information technology, Rajeev Chandrasekhar, will be present.
He added that the roundtable meeting and startup conclave will focus on regulatory reforms, tax incentivesand enhancing the startup ecosystem in terms of compliance, to provide a more flexible and conducive environment for startups. The discussion will include a review of the state of venture capital and private equity investment in India and Gujarat.
A statement said that the conclave will also explore the challenges of innovation and research, market access, funding, financial inclusion, and other aspects relevant to startups. Startup Conclave 2023 will bring together startups, investors, and angel networks to exchange ideas and explore opportunities, the minister said.
Patel said that a session will focus on “making India the third largest global startup eco-system” and this segment of the conclave will celebrate success stories of India’s startups.
DPIIT and Startup India will showcase innovative success stories.
As of today, India boasts of 108 unicorns, collectively valued at around $340.80 billion. The minister said that the first Indian unicorn emerged in 2011, and by 2022, India had achieved the milestone of 100 unicorns.
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The conclave will witness participation of unicorn startups and venture capitalists from across the country besides leading businessmen of Gujarat.
Minister for higher and technical education Rushikesh Patel said on Monday that a roundtable meeting will be chaired by chief minister Bhupendra Patel in Gandhinagar, where Union education minister Dharmendra Pradhan and Union minister of state for skill development, entrepreneurship, electronics, and information technology, Rajeev Chandrasekhar, will be present.
He added that the roundtable meeting and startup conclave will focus on regulatory reforms, tax incentivesand enhancing the startup ecosystem in terms of compliance, to provide a more flexible and conducive environment for startups. The discussion will include a review of the state of venture capital and private equity investment in India and Gujarat.
A statement said that the conclave will also explore the challenges of innovation and research, market access, funding, financial inclusion, and other aspects relevant to startups. Startup Conclave 2023 will bring together startups, investors, and angel networks to exchange ideas and explore opportunities, the minister said.
Patel said that a session will focus on “making India the third largest global startup eco-system” and this segment of the conclave will celebrate success stories of India’s startups.
DPIIT and Startup India will showcase innovative success stories.
As of today, India boasts of 108 unicorns, collectively valued at around $340.80 billion. The minister said that the first Indian unicorn emerged in 2011, and by 2022, India had achieved the milestone of 100 unicorns.
We also published the following articles recently
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The second edition of Bennovate 2.0, an entrepreneurship summit at Bennett University, featured talented young innovators pitching business ideas and showcasing product prototypes. The event included a startup expo, ideathon, fireside chat, and internship fair. Notable speakers included Mohit Gupta of Zomato, Manas Madhu of Beyond Snacks, and Samayak Jain of InstaDapp. The summit provided an opportunity for entrepreneurs to meet investors and connect with consumers. The e-commerce sector was highlighted as a key platform for entrepreneurs, and the role of Invest India’s Investor Connect in facilitating business opportunities was discussed. Bennett University was commended for its focus on innovation and nurturing successful entrepreneurs.
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Recognizing the importance of investment selection and startup fundraising plays a significant role in early-stage investing. When in doubt, it is better to opt out of investing. Consistency in cheque size and frequency over years helps in incorporating learnings from previous investments. Startup investments require a buy and hold mindset rather than trading. Taking chips off the table is a risk-reduction approach. Humility is crucial for investors to recognize their limited impact on a company’s ultimate success.
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The Open Network for Digital Commerce (ONDC) and Google Cloud India have announced the ‘Build for Bharat’ initiative. This initiative aims to tackle challenges in digital commerce and promote industry innovation. It will tap into India’s technological and entrepreneurial potential with over 200K participants from startups, companies, and colleges. The initiative is organized at a national scale across 50+ cities, with top experts, leaders, VCs, and incubators onboard. The initiative offers three outcomes: ‘NextGen Ventures’ for venture creation, scalable solutions for solving friction points, and foundation solutions for college students.