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FICCI strengthens its support for startups "to create a dynamic economy"; provides access to mentorship, funding, more 

Mon-Livret.fr , Oct 1, 2020

On Thursday, the industrial body FICCI stepped up its support for the Indian startup ecosystem with a new membership program to enable mentoring, access to funding, political advocacy with the government, etc. Membership is offered free of charge to startups until December 31, 2020. "Startups are extremely essential to the growth of a nation's economy. FICCI Start-ups aims to help young Indian entrepreneurs to create a vibrant economy. Now is the time to say Silicon Valley here we are," said Dr Sangita Reddy, President of FICCI during a webinar to launch the program. The Indian startup ecosystem is currently the third largest after the United States and China with 21 unicorns.

The overall benefits of the program would include connecting startups to FICCI member companies, mentoring by industry experts, access not only to the Indian Angel Network, but also to the upcoming FICCI social venture capital fund. -IAN, FICCI innovation and start-up programs, exhibitions, delegations and conferences at special costs. The program would also allow startups to connect with the global investment community. According to Dr Reddy, startups that join in the next three months would be entitled to these benefits for free for the next year.

"We are currently implementing more than 14 national and global programs via PPP to encourage and enable startups to develop and create joint ventures between India and countries in Africa and Latin America and more recently in Russia", said Dilip Chenoy, Secretary General, FICCI. The industry body's start-up committee includes members such as IAN co-founders Saurabh Srivastava and Padmaja Ruparel, CEO and founder of Ideaspring Capital Naganand Doraswamy, etc.

"Having supported more than 1000 startups / innovators to date with over Rs 125 crore, FICCI has been an active player in the startup ecosystem. Start-ups supported by FICCI have been able to generate over 140,000 jobs and leverage external market sources more than five times. More than 100 companies have gained access to global markets in the United States, South Asia and Africa," FICCI said in a statement.

 

 

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Event:

 Launch of 'FICCI for Start-ups'