It is fitting that India’s largest summit tracking the next frontiers of growth and innovation for the startup ecosystem is being held in the state’s capital city, hailed as the “Silicon Valley of India.”
Committed to unraveling the core themes, growth sectors and key drivers driving the startup tech innovation economy, the revamped and redesigned Soonicorns Summit 2024 is an initiative of The Economic Times. The third edition of the summit, to be held in Bengaluru on September 20, will bring together policymakers, industry leaders, unicorn and soonicorn founders, investors and technology leaders to break the frenzy and share distilled insights on the contours of India’s ever-evolving startup ecosystem.
The brightest minds will map the backwaters of the startup ecosystem as funding springs around the corner and lay out actionable strategies for a future that resonates with the promise of “Recalibrate. Bounce. Reinvent”—the core objectives that underscore the summit’s overarching theme: “From Resilience to Resurgence.”
A vision, a roadmap straight from Kharge’s Ministry of Innovation
Priyank Kharge, Minister of Electronics, Information Technology, Biotechnology and Rural Development and Panchayati Raj, Government of Karnataka, will deliver the keynote address at the summit.
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His inaugural address, titled “From Resilience to Resurgence with Sustainable Business Models,” will delve into his vision and mission for the state’s startup ecosystem. Kharge will also release a report, compiled by The Economic Times, on Karnataka’s future unicorns.
Kharge has played a pivotal role in revolutionizing Karnataka’s technology landscape, with his tireless efforts in fostering an atmosphere of innovation and excellence, instigating measures to boost the startup ecosystem and being instrumental in setting up ‘innovation hubs’ and ‘incubation centres for mentoring startups’.
His dynamic approach has been instrumental in making the state the preferred destination for Indian startups. The minister has been tirelessly employing result-oriented strategies to take the ecosystem further.
Kharge has been championing the cause of bridging gender gaps and paving the way for a more inclusive and diverse startup ecosystem in the state.
He has not shied away from constructive lobbying in favour of the ecosystem before the central government.
Kharge has recently requested Union Finance Minister Nirmala Sitharaman for her support and assistance in setting up a central business district that would house a global financial and IT hub, similar to Gujarat International Finance Tec-City (GIFT City).
“He GIFT “The Karnataka city will attract foreign investments, create employment opportunities and boost economic growth,” Kharge said. “It will further enhance the state’s position as a global business hub,” he added.
In another meeting with Union IT Minister Ashwini Vaishnaw, Kharge presented a memorandum seeking tax incentives from the Centre for Karnataka, supporting the electronics and semiconductor sector.
“Our share in the innovative business housing sector is 46% in the country, with a 10% contribution in industrial production. Karnataka has been at the forefront in electronics exports, with $4.52 billion in electronics exports at present,” Kharge said.
He stressed that Karnataka was making all possible efforts to become the leader in developing an enabling ecosystem for the electronics and semiconductor sectors.
“I wish to submit a request to you to understand the possibility of the Government of India also enhancing its financial support to Karnataka,” Kharge wrote in the memo.
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ET Soonicorns Summit 2024: From Resilience to Resurgence
Following the resounding success of the second edition of ET Soonicorn Summit in 2023 (held in Bengaluru and Delhi-NCR, respectively, with the overarching theme of “Resilience. Reset. Results”), the third edition presents a refreshed and restructured avatar with an added emphasis on practical and curated sessions that delve into sustainable growth, fundraising, and strategic solutions to scale, combat saturation, and continue to adapt.
The funding winter is now behind us and there are telltale signs of a funding spring, albeit with cautious optimism, with a fruitful June 2024 that saw Indian startups raise a total of $1.6 billion, up from $700 million in the corresponding month of 2023, spanning just 62 private equity and venture capital (VC) deals.
To build on this momentum, tailored conversations revolving around the 2024 Summit’s overarching theme, “From Resurgence to Resilience,” will stimulate design and develop actionable strategies to “Recalibrate, Recover, Reinvent,” the underlying message of the central theme.
Strategies and pivots will be discussed in correlation with the changing geopolitical scenarios around the world, the disruption of Artificial Intelligence (AI) and everything that has the potential to alter the way of doing business.
The ET Soonicorns Summit 2024 will spark innovative ideas, foster collaborations, and lay the groundwork for the next wave of innovation.
Get ready to gain valuable insights from Kharge as he shares his vision of the ecosystem and highlights state government policies designed to empower the ecosystem in an exclusive and straightforward lecture that sets the tone for day-long conversations under curated topics.
This year’s revamped edition, designed to closely read the startup room, is the first ticketed version of the ET Soonicorns Summit. The idea is to present a seamless, one-day immersive experience, taking the audience and stakeholders of India’s startup ecosystem through one curated corridor to another, navigating through customised, solution-focused thematic tracks.
Expect to learn from founders’ playbooks as soonicorn members and industry leaders share what it takes to make it into the top 10% of the successful startup club and beyond.
upGrad is the Upskilling Partner for ET Soonicorns Summit 2024.
Stay tuned to this space as we continue to reveal the names of notable speakers and provide in-depth analysis of the talks that will lend new weight to the ET Soonicorns Summit 2024.
For more information on the ET Soonicorns Summit, visit the site website.
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