SME Times News Bureau | 06 Dec, 2018
The annual Startup India Venture Capital Summit will
be held in Goa on December 7 by the Department of Industrial Policy and Promotion
(DIPP) in the Ministry of Commerce and Industry and the Government of Goa.
The theme of the Summit is ‘Mobilizing Global
Capital for Innovation in India.’
The event will showcase the Indian startup
opportunity for funds from around the world.
The summit aims to attract more global capital into
the country. The event will enable a dialogue between Government and
experienced Venture Capital fund managers on ways to further promote the
startup ecosystem in India.
The focus of the Summit is on the huge
return-generating potential of India’s vast and diverse market monetized
through cutting-edge technologies and supported by investor-friendly
The key objectives of the Summit will be to
showcase the India opportunity, increase capital flow for Indian startups and
further promote ease of doing business.
With over 150 participants expected to attend, it
will bring together government officials, domestic and international startups,
global fund managers and India’s vibrant entrepreneurial community on one
Participation is expected from around 100 funds
from countries like United States of America, China, Japan, Hong Kong and
India has the world’s third largest startup base
with more than 14,000 recognized Startups.
More than 8,200 startups were recognized by DIPP in
2018 alone, leading to the creation of more than 89,000 new jobs this year,
taking the total job creation contribution of recognized Startups to 1,41,775.
Goa is focused on building a vibrant startup
ecosystem in the state. It aims to make the state, one of the most preferred
start-up destinations in India, and ensure that Goa features in the top 25
start-up destinations in Asia by 2025.