Shanghai Cooperation Organisation Startup Forum
22-03-2024
11:00 AM
1 min read
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Overview:
The fourth edition of the Shanghai Cooperation Organisation (SCO) Startup Forum was organized on 19th March 2024 in New Delhi.
About Shanghai Cooperation Organisation Startup Forum
- It is a platform for the stakeholders from the startup ecosystems from all SCO Member States to interact and collaborate.
- It aims to create multilateral cooperation and engagement for startups among the SCO Member States. This engagement will empower the local startup ecosystems in the SCO Member States.
- The following are the objectives of the engagement:
- Sharing of best practices to promote entrepreneurship and innovation to build knowledge-exchange systems.
- Bringing Corporates and Investors across to work closely with startups and provide local entrepreneurs with much-needed support and market access.
- Increasing scaling opportunities for startups by providing solutions in the field of social innovation and provide the Governments with a plethora of innovative solutions
- Facilitating cross-border incubation and acceleration programs that will enable the startups to explore international markets and get focused mentorship.
- India will host the second meeting of the Special Working Group for Startups and Innovation (SWG) in November 2024 and SCO Startup Forum 5.0 in January 2025.
- Previously, Startup India had organized various initiatives for SCO Member states including:
- SCO Startup Forum 1.0: The SCO Startup Forum in 2020 laid the foundation for multilateral cooperation and engagement for startups among the SCO Member States.
- SCO Startup Forum 2.0: The two-day Forum was held virtually in 2021 through a customized platform representing the Indian culture in augmented reality. SCO Startup Hub, a single point of contact for the SCO startup ecosystem, was launched in this forum.
- SCO Startup Forum 3.0: DPIIT organised the first ever physical SCO Startup Forum in 2023 for the SCO Member States.
- 1st Meeting of the SWG: The first Meeting of the SCO Special Working Group on Startups and Innovation (SWG), permanently chaired by India, was organised on the theme ‘Growing from Roots’ in 2023.
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Q1) What is the Startup India Initiative?
It is a flagship initiative of the Government of India intended to catalyse start up culture with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers.
Source: 4th Shanghai Cooperation Organisation Startup Forum organized in New Delhi