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ICC Hosts ‘Start-O-Vation’ to Promote Startup Culture

Indian Chamber of Commerce presented the first Start-O-Vation National Summit on Startups and Innovations 2016 in association with founding members of FICCI

Founding members of FICCI and the Indian Chamber of Commerce presented “Start-O-Vation”, a national summit on Friday (July 8, 2016) at Hotel Shangri-La. The conference was attended by many business experts, industrialists, economists and policy makers from different parts of the country. They shared their opinions on innovative business approaches and majority emphasized upon to promote a culture of start-up and entrepreneurship.

According to the release, the event commenced in the presence of many prominent personalities, VIPs and the media personnel. Key speakers at the summit were Debmalya Banerjee, Regional Director, Indian Chamber of Commerce (ICC) and Harry Lagad, Summit Chairman, R Chandrasekhar, President, NASSCOM, Ashish Kumar Chauhan, Managing Director & CEO – Bombay Stock Exchange, Padmashree Dr. Bibek Debroy, Member, Niti Ayog, and Digbijoy Chakraborty, Director, Public Sector & Government Consulting Practice, South Asia, Middle East, North Africa, Frost & Sullivan to name a few. Besides being the knowledge partner for this summit, Frost & Sullivan is official make in India partner for the government of India. Besides being the knowledge partner for this summit, Frost & Sullivan is official make in India partner for the government of India.

The conference was called to discuss the importance of entrepreneurship in India, which in turn will help boost country’s economic growth and sustainability. ICC is among India’s top 5 business chambers and had arranged more than 100 conferences in a year in various sectors. ICC has been associated with GOI for most of its outreach programs.

Debmalya Banerjee, Regional Director, Indian Chamber of Commerce (ICC) shared his insight on fostering the start-up cultures and supporting new enterprises, “The startup ecosystem has great potential and it should be encouraged aggressively in the line of PM Modi’s Startup India campaign for their optimal growth. The motto of the summit is – Discuss and Share Ideas to Promote Innovations and Startups in India’s Business Biosphere. ICC has played a significant role in facilitating the businesses and entrepreneurs. But, the conducive environment in the present scenario enhances the role as well as responsibilities of the ICC.”

Ashish Kumar Chauhan, Managing Director & CEO, Bombay Stock Exchange said, “I have been an entrepreneur throughout my life and I have faced both success and failure. I have witnessed phenomenal risks and rewards that come along during my entrepreneurial journey. Things are changing at a faster pace than before as it is changing every 3 years now comparing to earlier times when it used to take decades. My experience says that the next 30 years would create wealth that didn’t happen in the last 1000 years and young people will make it possible. If one wants to grow, then listing on an exchange is the key. It is a significant step taken by the government of India that even smaller companies can register. This way, they will get the legitimate space to get funds.”

R. Chandrashekhar, President, NASSCOM commented, “We are the 3rd largest ecosystem in the world and at NASSCOM, we initiated programs for startups, “10,000 startups”. The number of startups coming every year is increasing at a tremendous pace. It shows more collaborative thinking & innovations. Here at our programs, we call startups to bring their ideas and investors will calculate the value of the same. At the end, we ensure that they get mentors even if not funding.”

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