Startup India venture capital summit 2018 to be held in Goa from December 7
Source :NewsBharati   Date :06-Dec-2018

New Delhi DEC 6: The annual ‘startup India Venture Capital Summit’, a joint initiative by Ministry of Commerce and Industry, the Department of Industrial Policy Promotion (DIPP) and the government of Goa is set to begin in Goa on Friday, Dec 7, 2018.


Startup India Venture Capital Summit 2018 promising to attract global capital in the Indian Setup Ecosystem, Goa is aiming to make it to the list of top 25 Startup destination in Asia.


The theme of year 2018 is ‘Mobilizing Global Capital for Innovation in India’. This year’s event aimed to ‘start-up opportunities attract global capital to the Indian market’.


The Startup India Venture Capital Summit comes with the promise to attract international partners and promote fresh ideas on business models and technology innovation. The summit's core idea is to increase the capital flow in the country by enabling the ease of doing business.


More than 100 participants are expected to attend the event which brings together government officials, global fund managers and entrepreneurs, onto a single platform. Participants are expected to arrive from Australia, China, Hong Kong, Japan, Singapore and the United States.


The International Finance Corporation (IFC), a sister Organisation of the World Bank Group, and the Indian Private Equity and Venture Capital Association (IVCA) are partners for this initiative.


IFC has worked with more than 2,000 businesses worldwide and will help attract global and Indian investors to the summit. IVCA, one of India's most influential private equity venture capital, will also help attract relevant industry professionals to the event, more than 14,000 recognized startups, India has the third largest startup ecosystem globally.


The registration of another 8,200 startups this year with the Department of Industrial Policy and Promotion, has generated employment of more than 89,000 - taking the total count of job creation by the registered startups to 1,41,775.


Aiming to create a niche for itself in this bustling space, the Government of Goa has set on becoming one of the most preferred startup destinations in India and making it to the list of top 25 startup destinations in Asia, by 2025.