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Fintech among 4 focus areas of global summit

Fintech among 4 focus areas of global summit
Highlights

The eighth annual Global Entrepreneurship Summit (GES) which will get underway in Hyderabad on November 28 will focus on four key innovative industries including digital economy and financial technology (FinTech), according to the organisers.

Hyderabad: The eighth annual Global Entrepreneurship Summit (GES) which will get underway in Hyderabad on November 28 will focus on four key innovative industries including digital economy and financial technology (FinTech), according to the organisers.

Other focus areas are healthcare and life sciences, energy and infrastructure, and media and entertainment. Prime Minister Narendra Modi will inaugurate the three-day global gathering of entrepreneurs, investors and experts in startup space.

Ivanka Trump, Advisor to US President Donald Trump, who will head the US delegation to the summit, will be the main attraction at the event which will highlight the theme ‘Women First, Prosperity for All’, and will focus on supporting women entrepreneurs.

The US and India are jointly organising the eighth edition of the summit. Under digital economy and financial technology, the summit will have sessions on game changers in payment platforms, financial technology disruptors, the future of manufacturing, and technologies for a cashless society.

“Entrepreneurship is the heart and soul of the digital economy, and entrepreneurs are at the center of that global transformation of consumption patterns, promoting greater connectivity and inclusivity through more accessible and lower cost services and products,” the organisers said on GES2017 website.

Experts predict that more than 6 billion people around the world will own smartphones by 2020. The digital economy needs innovative financial technology to expand and thrive with the growing global user base, they added.

The GES programmes specific to healthcare and life sciences will include sessions on investing in healthcare startups, keeping and nurturing women in STEM (science, technology, engineering and maths), low-cost innovations revolutionising healthcare, connecting science and entrepreneurship and reimagining the future of health.

In energy and infrastructure area, the three-day summit focus on modernising mobility infrastructure, managing water as a scarce resource, getting on the energy grid, cities of tomorrow, and innovative technologies to recycle waste.

The programmes specific to media and entertainment will include sessions on the path to moviemaking, creative entrepreneurship, and advancing women’s opportunities in the media industry.

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