The initiative is aimed at promoting startup interactions among the eight-member SCO which comprises China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, India, Pakistan and Uzbekistan.
“Going forward, India will host the second meeting of the SWG in November 2024 and SCO Startup Forum 5.0 in January 2025,” it said. The fourth edition of the SCO Startup Forum was organised on March 19 here.
The members created a Special Working Group (SWG) for Startups and Innovation in 2022 with an aim to foster collaboration among SCO member states, to not only benefit the startup ecosystem, but also accelerate regional economic development.
In 2023, after multiple rounds of meetings chaired by the Department for Promotion of Industry and Internal Trade(DPIIT), the member states decided to approve and adopt the regulations of the SWG to be permanently chaired by India in SCO.
The ministry added that the startup engagements are organised by India with the objective of empowering the local startup ecosystems in the SCO member states and providing value to startups through mentoring and enabling access to investor and corporate engagement activities.
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