The Startup20 Engagement Group, an initiative established under India's presidency, has urged G20 leaders to raise the joint annual investment in the global startup ecosystem to USD 1 trillion by 2030.

A senior official said that the Startup20 Engagement Group will press for raising the annual investment in the global startup ecosystem to USD 1 trillion by 2030 from USD 700 billion last year. The Startup20 Shikhar Summit, organised by the Startup20 Engagement Group under the India G20 Presidency, kicked off in Gurugram.

The Startup20 Shikhar summit will serve as a platform for India to rally support and emphasize the significance of boosting annual investments in the global startup ecosystem. Chintan Vaishnav, the chair of the Startup20 Engagement Group, expressed the group’s intention to press delegates from various countries to increase their funding commitments. By focusing on the importance of these investments, India seeks to drive the growth and development of startups, facilitating technological advancements and economic progress worldwide.

The proposed target of raising USD 1 trillion in annual investments for the global startup ecosystem by 2030 underscores India’s ambition to position itself as a leading advocate for entrepreneurship and innovation within the G20 framework. With the Startup20 Shikhar summit, India aims to generate significant momentum and encourage stakeholders to prioritize and contribute to the growth of the startup ecosystem, fostering a vibrant and thriving environment for startups to thrive and contribute to economic prosperity.