India to host SCO Startup Forum 5.0 in January 2025

New Delhi, India - March 21, 2024 - India is poised to take the lead in fostering regional startup collaboration as it gears up to host the fifth meeting of the Shanghai Cooperation Organisation (SCO) Startup Forum in January 2025. This announcement by the Ministry of Commerce and Industry signifies India's commitment to propelling innovation and economic growth across the SCO member states.

The SCO, an eight-member intergovernmental organization comprising China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, India, Pakistan, and Uzbekistan, has established itself as a crucial platform for fostering regional cooperation in various sectors. The SCO Startup Forum, specifically, serves as a launchpad for fostering interactions and collaborations between startups within the member states.

India's Leadership Role in SCO Startup Ecosystem

This upcoming event marks a significant milestone for India's role within the SCO. Following the creation of a dedicated Special Working Group (SWG) for Startups and Innovation in 2022, India successfully secured its permanent chairmanship in 2023. This SWG plays a pivotal role in facilitating collaboration between SCO member states' startup ecosystems, ultimately accelerating regional economic development.

Building a Thriving Regional Startup Landscape

India's leadership extends beyond hosting the forum. The Ministry of Commerce and Industry has played a proactive role in organizing these startup engagements. These initiatives aim to empower the startup ecosystems within each SCO member state by providing valuable resources such as mentorship opportunities and access to investors and corporations. This fosters a more robust and interconnected regional startup landscape.

A Stepping Stone for Growth

The upcoming SCO Startup Forum 5.0 in India presents a unique opportunity for startups across the SCO region. The forum will likely feature:

• Networking opportunities: Entrepreneurs can connect with potential investors, partners, and mentors from across the SCO region.

• Knowledge sharing: Discussions and workshops can equip startups with valuable insights and best practices to navigate the regional market.

• Investment opportunities: The forum can act as a platform for startups to pitch their innovative ideas to potential investors, opening doors to crucial funding.

India's Growing Startup Hub Status

India's hosting of the SCO Startup Forum 5.0 further strengthens its position as a leading startup hub in Asia. This event aligns with India's ongoing efforts to foster a vibrant domestic startup ecosystem through initiatives like Startup India. By showcasing its commitment to regional collaboration, India positions itself as a key player in driving innovation and economic growth across the SCO region.