SCO Start-up Forum launch on 27th October |
The first-ever SCO Start-up Forum will be launched on the 27th of October 2020, ahead of the SCO trade ministers meeting on 28th October. The forum will lay the foundation for multilateral cooperation and engagement among the SCO Member States to develop and hone their start-up ecosystems, collectively. Innovation and Start-ups will be the key focus area of the SCO Heads of Government meeting on 30th November 2020 to be hosted by India. The Forum is expected to identify areas of cooperation by launching multiple entrepreneurial activities like start-up showcase through a dedicated virtual platform, mobilizing capital for start-ups, sharing of best practices, procuring social innovations, multilateral incubator programs, and knowledge exchange workshops etc. It will aid to understand the cultural and economic features of the start-up ecosystem among the SCO Member States. In the run-up to the launch of the SCO Start-up Forum, a virtual SCO preparatory seminar and a workshop were also organized by India. Around 40 Indian Missions were roped in to further augment Start-up India efforts. India is currently the third-largest start-up ecosystem in the world with over 35,000 start-ups, close to 25% of which are core technology start-ups operating in areas of AI, Robotics, Cloud Computing, IoT, Digital Health, Financial & Education Technology.
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