CEOs, investors to offer inputs to start-up action plan

06 Jan '16

2 min read

An action plan to be launched by Prime Minister Narendra Modi on January 16 at Vigyan Bhawan in New Delhi for encouraging budding entrepreneurs would see about 40 leading business leaders, venture capitalists and around 2,000 start-ups offering key inputs.

"The Prime Minister will unveil the action plan of the Startup India. About 40 leading CEOs, venture capitalist, angel investors from Silicon Valley will come down," he said. It will be a day-long session.

Kant said that by nature, start-up action plan cannot be a single policy.

The action plan would highlight the government's initiatives and schemes to address various aspects relating to developing a conducive start-up ecosystem in India, he said.

"Start-ups cut across the entire ecosystem. Everybody needs to create an ecosystem for start-ups. We are working together to create a unique ecosystem for them. We want the start-ups to grow and flourish. There are too many issues on compliance. The intention is that government will keep itself away," he said.

He said that the action plan would help the sector in penetrating tier-2 and tier-3 cities in sectors such as manufacturing and healthcare.

The event will feature interactive talks with global leaders such as Founder and CEO of SoftBank Masayoshi Son; Founder of WeWork Adam Nuemann, Uber Founder Travis Kalanick.

One of the highlights of the day-long affair will be innovative session titled 'Laucnhpad Accelerator' to be conducted by Google which will involve live pitches being made by early state start-ups to potential investors.

"Whosoever is able to get into the 'Launchpad Accelerator' will get a cheque of $50,000 from Google...equity funding into their start-ups," Kant said. (SH)

Fibre2Fashion News Desk - India

More Textiles News - India...