Ride-hailing service Uber’s founder Travis Kalanick, SoftBank’s founder Masayoshi Son and collaborative workspace provider WeWork’s founder Adam Neumann will attend the government’s Start-up India event next week.
Prime Minister Narendra Modi will unveil an action plan to assist early-stage companies. The event will be attended by around 40 innovators, venture capitalists and angel investors from Silicon Valley along with 1,500 founders of start-ups from across the country.
During PM’s radio program ‘Mann Ki Baat’ on All India Radio, he stated that the launch of the initiative on January 16 will see major higher educational institutions like IIMs, IITs, NITs etc participating in the event via online connectivity. He urged, states to take part in it and spread the word.
This programme is aimed at promoting investments in startup ventures, while targeting employment and economic growth of the country at the same time. They will not only fund the startups but will try to create an ecosystem out of it, the time gauge bounds the central government as the program comes with a sunset clause.
“The action plan shall highlight initiatives and schemes being undertaken by the government to address various aspects relating to developing a conducive start-up ecosystem in the country,” said Amitabh Kant, secretary at the department of industrial policy and promotion.
A government official involved in the formulation of the action plan said the policy is in the final stage. “We have sent the policy to the Prime Minister’s Office. It is likely to be finalised by 10 January,” he said, speaking on condition of anonymity.
The day-long event will involve workshops and panel discussions on topics including:
- Unleashing entrepreneurship and innovation: What do Indian start-ups need to grow and prosper
- Celebrating women: Stories of innovative women entrepreneurs
- How digitization will change India’s future
- Making Indian healthcare leapfrog
- Financial inclusion is within reach
- Show me the money: How do we capitalize entrepreneurship?
- Google Inc. will conduct a session titled ‘Launchpad Accelerator’ where early-stage start-ups can make live pitches to potential investors to win $50,000 in non-equity investment.
- SoftBank president and chief operating officer Nikesh Arora will interact with participants on various aspects of start-up funding.
- Indian start-ups will also showcase some of their unique innovations through a virtual exhibition.
Secretaries of key government departments will also answer questions on how the government will create an enabling ecosystem for start-ups.
“The objective is to reinforce commitment of the government towards creating an ecosystem that is conducive for growth of start-ups,” a DIPP statement said.