Startup 20: Inception Meeting of the Startup 20 Engagement Group of G20 was held in Hyderabad. Startup20 under India’s G20 Presidency is also important for UPSC Prelims 2023 and UPSC Mains Exam (GS Paper 2- International Relations).
Startup 20 in News
Recently, the Naval Innovation and Indigenisation Organisation(NIIO) showcased medical innovations undertaken by Indian Naval officers during the inception meeting of the Startup20 Engagement Group under India’s G20 presidency. Various medical innovations were displayed like-
- Aadyant’ Oxygen Recycling System(ORS),
- ‘Spandan’ low-cost digital stethoscope and
- ‘Nebiro’ smart portable nebuliser
Startup 20 Inception Meeting
The Startup 20 group formed under G20 after India assumed presidency. Startup 20 Inception Meeting was held from January 28-29 anticipating a productive development of policy recommendations on entrepreneurship and innovation priorities of and across G20 countries for the years ahead.
- Participation: G20 Sherpa Shri Amitabh Kant, CEO NITI Aayog, Startup20 India Chair Dr. Chintan Vaishnav, senior government officials and other dignitaries were present at the inaugural session.
Startup 20 under G20 India Presidency
The Startup20 is set up under India’s G20 Presidency. Startup20 G20 aspires to create a global narrative for supporting start-ups and enabling synergies between start-ups, corporates, investors, innovation agencies and other key ecosystem stakeholders.
- Startup 20 Inception Meeting Venue: The Startup20 is a two-day event, set up under India’s G20 presidency. It was held on 28-29 Jan 23 at Hyderabad.
- Participation: Startup 20 will see participation of delegates from G20 nations and nine special invitees from observer countries, representatives from multilateral organizations as well as the Indian startup ecosystem.
- Significance: The Startup 20 meeting will create a global narrative for supporting startups and fostering synergies between startups, corporates, investors, innovation agencies, and other key ecosystem stakeholders.
G20 India Presidency
- G20 India Presidency: India assumed, for the first time, the Group of 20 (G20) year-long presidency from December 1, 2022 to November 30, 2023.
- India’s G20 Presidency will culminate with the G20 Summit in India in 2023 (G20 2023 Summit).
- G20 Presidency 2023: India inherited the G20 Presidency for the year 2023 from Indonesia which was the previous G20 Chair.
- Significance: The G20 Presidency offers a unique opportunity to India to contribute to the global agenda on pressing issues of international importance.
- During its G20 presidency, India will hold about 200 meetings in 32 different sectors in multiple locations across the country.
- G20 India theme: India’s G20 Presidency Theme is “Vasudhaiva Kutumba-kam” or “One Earth One Family One Future”.
- G20 India Logo: The symbol of the lotus in the G20 logo is a representation of hope in this time. No matter how adverse the circumstances, the lotus still blooms.
- Shared prosperity that reaches the last person at the last mile. This is why, in the G20 logo, the Earth is placed on a lotus too.
Startup 20 FAQs
1. What is Startup 20 G20?
Ans. Startup20 G20 aspires to create a global narrative for supporting start-ups and enabling synergies between start-ups, corporates, investors, innovation agencies and other key ecosystem stakeholders.
2. Where was Startup 20 Inception Meeting held?
Ans. Startup 20 Inception Meeting was held on 28-29 Jan 23 at Hyderabad.
3. What is G20 Theme under India’s G20 Presidency?
Ans. India’s G20 Presidency Theme is “Vasudhaiva Kutumba-kam” or “One Earth One Family One Future”.
4. Who is India G20 Sherpa?
Ans. Ex-NITI Aayog CEO Amitabh Kant is the India’s G20 Sherpa.
India’s G20 Presidency- 1st Sherpa Meeting Begins
