India Global Innovation Connect 2024: Catalyzing Innovation and Entrepreneurship in Bengaluru
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India Global Innovation Connect 2024: Catalyzing Innovation and Entrepreneurship in Bengaluru
Bengaluru, India – In a significant testament to India's burgeoning prowess in innovation and entrepreneurship, the India Global Innovation Connect (IGIC) 2024 is set to convene in Bengaluru from June 6 to 7. This prestigious event is expected to draw over 500 participants from around the globe, highlighting India's emergence as a global hub for innovation and startups.
IGIC 2024 is organized by the Karnataka Digital Economy Mission in collaboration with the US-based strategic advisory firm Claude Smadja & Smadja. The summit aims to spotlight India's growing influence as a global innovator and a nucleus for startup ecosystems. It will see representatives from powerhouse nations including the US, Japan, Korea, Germany, Singapore, Israel, Switzerland, France, and the UAE.
The summit serves as a pivotal convergence point for startup founders, venture capitalists, corporate leaders, technology experts, public policymakers, and government officials. The goal is to foster technological innovation and forge strategic partnerships that can drive the next wave of growth and development.
Since its inception in 2022, IGIC has been instrumental in galvanizing India's innovation ecosystem. This year's summit boasts an illustrious lineup of attendees, including Karnataka Chief Minister Siddaramaiah, IT Minister Priyank Kharge, G-20 Sherpa Amitabh Kant, Atal Innovation Mission Director Chintan Vaishnav, and esteemed members from Niti Aayog, the Indian startup community, and prominent innovators.
Claude Smadja, the founder of Smadja & Smadja and a key figure behind IGIC, brings a wealth of strategic insight to the summit. With a career spanning involvement with the World Economic Forum for 14 years and a prior stint as the Managing Director from 1995 to 2001, Smadja’s expertise underscores the summit’s importance in India’s transformative journey towards becoming a global innovation powerhouse.
IGIC 2024 symbolizes India's commitment to nurturing a conducive environment for innovation and entrepreneurship. It aims to propel the nation onto the global stage as a frontrunner in technological advancement and startup ecosystem development. Through collaborative efforts and synergistic partnerships forged at platforms like IGIC, India is poised to script the next chapter in its innovation narrative, driving inclusive growth and societal transformation.
The stage is set for Bengaluru to serve as the epicenter of global innovation dialogue. IGIC 2024 promises to catalyze breakthroughs, foster collaboration, and chart a course towards a future defined by ingenuity and progress.
Relevant Laws and Policies
Several laws and policies in India support the innovation ecosystem and are relevant to events like IGIC 2024:
1. Startup India Initiative: Launched by the Government of India in 2016, this initiative provides various benefits to startups, including tax exemptions, easier compliance, and access to funding. The initiative aims to build a strong ecosystem for nurturing innovation and startups in the country.
2. Intellectual Property Rights (IPR) Policy: The National IPR Policy, adopted in 2016, aims to create a vibrant intellectual property regime in India. It includes measures to promote awareness about IPR, strengthen enforcement, and facilitate commercialization of IP.
3. Make in India: This initiative, launched in 2014, encourages companies to manufacture their products in India. It is designed to facilitate investment, foster innovation, enhance skill development, and build best-in-class manufacturing infrastructure.
4. Digital India Program: Launched in 2015, this program aims to transform India into a digitally empowered society and knowledge economy. It promotes digital infrastructure, digital literacy, and digital delivery of services.
5. National Innovation and Startup Policy 2019 for Students and Faculty: This policy by the Ministry of Education aims to encourage and nurture innovation and entrepreneurship among students and faculty in higher education institutions.
6. Karnataka Startup Policy: Given that IGIC 2024 is hosted in Bengaluru, it's important to note the Karnataka Startup Policy. This policy provides various incentives and support mechanisms to startups, including funding support, incubation, and mentoring services.
These laws and policies collectively create a robust framework to support the innovation ecosystem in India, enabling events like IGIC 2024 to drive substantial progress in the field of innovation and entrepreneurship.
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