- Rajamahendravaram: All house plot beneficiaries to get title deeds
- Tirupati: Lord Govindaraja Swamy blesses devotees from Sarvabhoopala Vahanam
- Jaganannaku Chebudam draws huge response in Nellore, Kadapa
- Tirupati: MLA Bhumana Karunakar Reddy takes out bike rally
- Bengaluru: Education department issues guidelines for reopening of schools
- Madanapalle medical college works move at a snail’s pace
- Bengaluru: DK Shivakumar meets Jagan Mohan Reddy’s sister Sharmila
- Parvathipuram: Extend support for development of villages, bankers told
- Srikakulam: N ChandraBabu Naidu harassed NTR, says Chinta Mohan
- Bengaluru: BBMP officials told to work honestly and keep a record of every work
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.