Union Minister of State for Electronics and IT Rajeev Chandrasekhar while inaugurating the two-day G20-Digital Innovation Alliance summit being held in Bengaluru spoke about key trends happening in India that are of interest to start-ups.
The Minister said the centre of gravity of tech which used to be in a few countries and around a few companies is now moving to open-source systems and younger start-ups are disrupting the normal.
“Three trends are happening that are of interest to start ups today in the innovation economy,” he said.
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“The centre of gravity of tech which used to be in a few countries and centred around a few corporations or few companies is moving to open source systems to younger and younger start-ups that are disrupting the normal and these 2 trends are in-turn capitalising on the broader trend of increased digitization and faster digitization,” he added.
The two-day Digital Innovation Alliance summit, being held on the side-lines of the fourth meeting of the ‘Digital Economy Working Group’ under G20, is being attended by global experts and digital leaders including representatives from other G20 countries.
{{/usCountry}}The two-day Digital Innovation Alliance summit, being held on the side-lines of the fourth meeting of the ‘Digital Economy Working Group’ under G20, is being attended by global experts and digital leaders including representatives from other G20 countries.
{{/usCountry}}The Summit is focused on discussions on ‘Digital Public Infrastructure (DPI)’, ‘Security in the Digital Economy’, and ‘Digital Skilling’.
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As part of India’s G20 Presidency, G20 Digital Innovation Alliance (G20-DIA) initiative was launched under MeitY Startup Hub. It recognizes and accelerates the growth of start-ups from all G20 countries and nine invited guest countries in six sectors – Ed-tech, Health-tech, Agri-tech, Fin-tech, Secured Digital Infrastructure, and Circular Economy that are using digital technologies to solve humanity’s most pressing needs.
A total of 174 start-ups from 29 countries are part of the program. These start-ups will pitch to a jury of global leaders at the G20-DIA Summit.
The Summit will culminate on August 18 with an awards ceremony in which 30 start-ups will be honoured in various categories.