The Institute of Chartered Accountants of India (ICAI) is taking significant steps to support startup funding. It will host its second edition of the Startup Sphere from June 27 to 29 in Bengaluru. The event is learned to attract more than 10,000 participants including entrepreneurs, investors and industry professionals.
The primary goal of the Startup Sphere is to facilitate over $200 million in funding for innovative startups. It committed funding of $100 to sixty startups last year by pitching 75 investors. The increase in funding targets this time reflects growing confidence in the startup sector.
ICAI President Ranjeet Kumar Agarwal said the three-day event is expected to arrange over $200 million in funding. It will connect entrepreneurs and investors. It will simultaneously allow startups to share ideas.
It is believed to be one of the major events for the startups as well as the investors who are looking investment opportunities. It will bring together a diverse group of stakeholders. Entrepreneurs will present their innovative ideas and while investors will gain access to a curated selection of promising startups. India will surely witness the next big innovation.
The Startup Sphere 2024 is supported by the Department for Promotion of Industry and Internal Trade (DPIIT), the Ministry of Electronics and Information Technology (MeitY), Software Technology Parks of India (STPI), the Karnataka Innovation and Technology Society (KITS) and more prominent government bodies. Their involvement is evident that the government is seeking a vibrant startup ecosystem in India.
Apart from the pitching sessions, the event will also feature panel discussions, workshops and keynote speeches from industry leaders. It basically aims to provide guidance to new startups.
