From Resurgence to Resilience: Karnataka IT Minister Priyank Kharge to grace revamped ET Soonicorns Summit 2024 as keynote speaker

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A clean mobility initiative, new cyber-security policy, start-up funding of over $70.4 billion in a decade, 20% subsidy offered for investments in the semiconductor industry, and giving India all its three new unicorns in 2024—Karnataka is well and truly on the path to fulfil the aspiration of becoming a $1 trillion economy by 2032.

It is only fitting that India’s largest summit tracking the next frontiers of growth and innovation for the startup ecosystem, is to be held in the capital city of the state—hailed as the ‘Silicon Valley of India.’

The revamped and repurposed Soonicorns Summit 2024—committed to unravelling the core themes, growth sectors, and prime pivots driving the startup-tech innovation economy—is an initiative by The Economic Times. To be held in Bengaluru on September 20, the third edition of the summit will bring together policymakers, industry leaders, unicorn and soonicorn founders, investors, and tech leaders to cut through the frenzy and share distilled insights into the contours of the ever-evolving startup ecosystem of India.

The finest of the minds will map the startup-ecosystem-backwaters, at the arrival of the funding spring, and lay down actionable strategies for a future that resonates with the promise of ‘Recalibrate. Rebound. Reinvent.’—the core objectives underscoring the summit’s overarching theme ‘From Resilience to Resurgence.’

A vision, a roadmap straight from Kharge’s ministry of innovation

Priyank Kharge, Minister for Electronics, Information Technology, Bio-Technology, and Rural Development & Panchayati Raj, Government of Karnataka, will deliver the keynote address at the summit.

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His keynote address, titled ‘From Resilience to Resurgence with Sustainable Business Models’, will delve deep into his vision and mission for the startup ecosystem of the state. Kharge will also release a report, by The Economic Times, on the future unicorns of Karnataka.

Kharge has played a pivotal role in revolutionising the tech landscape of Karnataka, with his relentless efforts to foster an atmosphere of innovation and excellence, pushing measures to propel the startup ecosystem, and being instrumental in creating ‘innovation hubs’ and ‘incubation centres for startup-mentorship.’

His dynamic approach has been at the centre of making the state India’s preferred startup destination. The minister has been relentlessly employing result-oriented strategies to take the ecosystem further.

Kharge has championed the cause of bridging gender gaps and paving the way for a more inclusive and diverse startup ecosystem in the state.

He has not shied away from constructive lobbying, for the ecosystem, with the central government.

Kharge has recently requested Union Finance Minister, Nirmala Sitharaman, for her support and assistance in establishing a central business district hosting a global financial and IT hub, similar to that of the Gujarat International Finance Tec-City (GIFT City).

“The GIFT city in Karnataka will attract foreign investments, create employment opportunities, and foster economic growth,” Kharge said. “It will further enhance the state’s stature as the global business hub,” he added.

In yet another meeting with the Union IT Minister, Ashwini Vaishnaw, Kharge submitted a memorandum seeking the centre’s fiscal incentives to Karnataka, supporting the electronics and semiconductor sector.

“Our share in housing innovative companies is 46% in the country, with a contribution of 10% in industrial output. Karnataka has been at the top of electronics exports, with $4.52 billion of electronic exports currently,” Kharge said.

He stressed that Karnataka was doing everything possible to emerge as the frontrunner in developing a conducive ecosystem for the electronics and semiconductor sectors.

“I wish to push forward a request to you for understanding the possibility for the Government of India to also enhance its funding support towards Karnataka,” Kharge wrote in the memorandum.

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ET Soonicorns Summit 2024: From Resilience to Resurgence
After the resounding success of the second edition of the ET Soonicorn Summit in 2023—held in Bengaluru and Delhi-NCR, respectively, with an overarching theme of ‘Resilience. Reset. Results’—the third edition presents a revamped and restructured avatar with an added emphasis on curated, practical insight-led sessions diving deep into sustainable growth, fundraising, and strategic solutions to scale, battle saturation, and continue to adapt.

The funding winter is in the rearview now, and there are telltale signs of the arrival of a funding spring albeit with cautious optimism, with a fruitful June 2024 wherein a total of $1.6 billion was raised by Indian startups. This contrasts with $0.7 billion in the corresponding month of 2023 spanning only 62 private equity and venture capital (VC) deals.

To take this momentum forward, the tailored conversations revolving around the 2024 summit’s overarching theme ‘From Resurgence to Resilience’ will stimulate a layout and draw up actionable strategies to ‘Recalibrate. Rebound. Reinvent.’—the underlying message of the core theme.

The strategies and the pivots will be scrutinised in correlation with the changing geo-political scenarios the world over, the Artificial Intelligence (AI) disruption, and anything and everything that has the potential to alter the way business is done.

Groundbreaking ideas will be churned, collaborations will be fostered, and the foundation for the next innovation spree will be laid down at the ET Soonicorns Summit 2024.

Get ready to glean rich insights from Kharge, as he shares his vision for the ecosystem and highlights the state government’s policies designed to empower the ecosystem in an exclusive, straightforward keynote setting the tone for the day-long conversations as part of curated tracks.

Designed to read the startup room closely, this year’s revamped edition is the first-ever ticketed version of the ET Soonicorns Summit. The idea is to present a day-long uninterrupted, immersive experience, taking the audience and the Indian startup ecosystem stakeholders through one curated corridor to another, navigating solutions-centric, tailored thematic tracks.

Expect to learn from founders’ playbooks as soonicorn members and industry leaders share what it takes to make it to the top 10% of the successful startup club and beyond.

upGrad is the Upskilling partner for the ET Soonicorns Summit 2024.

Watch this space as we continue to unveil the names of esteemed speakers and bring in-depth analysis of the conversations that are set to lend a new heft to the ET Soonicorns Summit 2024.

To learn more about the ET Soonicorns Summit, visit the website.

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