Live
- Winter Session of Parliament Begins with Key Bills and Heated Debates
- BGT 2024-25: India begin trophy defence with triumph over Australia in Perth
- Supreme Court trashes pleas challenging insertion of ‘Socialist’, ‘Secular’ in Preamble to Constitution
- iPhone production reaches $10 bn in India in April-Oct, creates 1.75 lakh direct jobs in 4 years
- Australian govt orders national review into school bullying
- Isro's Busy End to 2024: Key Space Missions, Including Spadex and Proba-3, Planned for December
- Rajaka Udyoga Sangam new committee elected
- Astronauts Stuck in Space: Sunita Williams and Barry Wilmore's Mission Extended Until February 2025
- 'Muslims don't vote for JD(U)', says Union Minister Lalan Singh
- St. Joseph’s organises literary fest
Govt will pull out all the stops to support startups: Basavaraj Bommai
Chief Minister Basavaraj Bommai inaugurated India’s first global conference on startups, India Global Innovation Connect, organized by Smadja and Smadja, a Switzerland-based strategic advisory firm, in a strategic partnership with Karnataka Digital Economy Mission (KDEM), Catamaran Ventures, and Tata Digital.
Bengaluru: Chief Minister Basavaraj Bommai inaugurated India's first global conference on startups, India Global Innovation Connect, organized by Smadja and Smadja, a Switzerland-based strategic advisory firm, in a strategic partnership with Karnataka Digital Economy Mission (KDEM), Catamaran Ventures, and Tata Digital.
Speaking on the occasion, Bommai said Karnataka is at the forefront of startup innovation. Bengaluru is home to 400 of the Fortune 500 companies and no other country in the world has the record. "Startup is not new to Karnataka and Karnataka is the top destination for startups and not one of the top States," he said.
He further added, "The Karnataka government will go any length in supporting startups. We are not worried about the competition. It keeps us going and growing. We convert the competition into acceleration," he said during his conversation with Claude Smadja, President of Smadja and Smadja advisory after inaugurating the two-day international conference India Global Innovation Connect here on Thursday.
Stating that Karnataka is the first state in the country to introduce a startup policy, he said, the seeds of startup revolution were sowed by the Maharaja of Mysore who supported industrialization, banking and innovation much before the country attained independence.
The inauguration was also attended by a galaxy of international investors, private equity firms, entrepreneurs and innovators from Singapore, Israel, Switzerland, the US, Japan, Korea and Germany. Some of the key attendees included B V Naidu, Chairman, Karnataka Digital Economy Mission; Mr. Ranganath M D, President, Catamaran Ventures and Prashanth Prakash, Accel Partners, India and Hari Menon, Co-founder and Chief Executive Officer, Big Basket, India.
Declaring the conference open, Claude Smadja, President, Smadja and Smadja, said, "India has always been a land of great entrepreneurial promise for me. As the 4th Industrial evolution has begun, it is pertinent to acknowledge that India will play the role of a catalyst especially with its ability to innovate solutions for itself and the world. India now has the world's third-largest start-up ecosystem. As a result, the India Global Innovation Connect highlights the potential of how India's start-up and innovation story is becoming global. Its emergence as the new Silicon Valley of the world will lead to a greater, safer, and stronger tomorrow."
Over 100 speakers from India and countries like Singapore, Israel, Switzerland, the US, Japan, Korea and Germany are participating at the 2-day conference at the Hotel Conrad, Bengaluru. The panelists in 22 sessions will focus on technological partnerships, ideas on Greentech, Fintech, Deeptech, Edtech, Web 3.0, Super Apps, and Unicorn Growth stories and partnerships.
