India passes Startup20 Shikhar Summit torch to Brazil

India passes Startup20 Shikhar Summit torch to Brazil

Daily Current Affairs   /   India passes Startup20 Shikhar Summit torch to Brazil

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Category : International Published on: July 07 2023

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  • During the closing ceremony of Startup20 Gurugram Summit, Dr. Chintan Vaishnav, Chair of Startup20, officially handed over the torch to Brazil, as the country has G20 presidency for the next year and has committed to continue the Startup20 initiative in 2024.
  • Underlining the importance of Startup20, Saudi Arabia's Prince Fahd bin Mansour announced an ambitious allocation of $1 trillion per year to the startup ecosystem by 2030.
  • Saudi Arabia became the first country to provide support for global startups to reach $1 trillion.
  • This initiative of Saudi Arabia will be helpful in strengthening startups for global welfare.
  • The Startup20 Gurugram Shikhar Summit serves as a critical platform for startup ecosystem, ecosystem builders, industry experts, Government, policymakers, and thought leaders to collaborate and shape the trajectory of startups on a global scale.
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