4th SCO Startup Forum

Summary and Important Points

1. Event Overview

• Event: 4th Shanghai Cooperation Organisation (SCO) Startup Forum

• Date & Location: 19th March 2024, New Delhi

2. Objectives and Participation

• Aim: Enhance startup collaboration among SCO Member States

• Participants: SCO startups, government officials, diplomats

3. Indian Initiatives and Leadership

• Leadership: India's significant role in promoting startup ecosystem within SCO

• Future Events: Hosting of second SWG meeting and SCO Startup Forum 5.0

4. Special Working Group (SWG)

• Formation: Initiated by India for startup collaboration among SCO states

• Function: To boost regional economic development and innovation

5. Engagements and Programs

• Activities: Showcases, workshops, mentorship programs

• Focus Areas: Seed funding, innovation, entrepreneurship education

Additional Information

• SCO (Shanghai Cooperation Organisation): A Eurasian political, economic, and security alliance.

• DPIIT (Department for Promotion of Industry and Internal Trade): Indian government body focusing on internal trade, promotion, and development of industries.

• Startup India: A government initiative aimed at fostering entrepreneurship and promoting innovation.

• Seed Funding: Initial investment to support new startups in their early stages.

Examination Perspective and Concise Points for Use

• Regional Cooperation: Understanding the role of international forums like the SCO in promoting entrepreneurship across member states.

• Indian Leadership: India's pivotal role in driving startup collaboration within the SCO framework.

• Innovation Ecosystems: The significance of creating supportive environments for startups, including funding, mentorship, and international cooperation.

• Policy Initiatives: The strategic importance of policies and programs designed to foster innovation and entrepreneurship on a regional scale.

Key Words to Remember

• SCO Startup Forum

• DPIIT

• Special Working Group (SWG)

• Startup India

• Seed Funding