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Global summit to facilitate exchange between India and Korean start-ups

Tomorrow’s India, a global initiative that brings together start-ups from diverse geographies, will host Tomorrow’s India Global Summit in Seoul later this month. Start-ups from India, Korea and Singapore are expected to participate at the event from September 25 to 29 at Seoul Global Start-up Centre.

HP Singh, Founder and Managing Director of Tomorrow’s India, says: “Besides promoting India’s strengths in business, knowledge and culture, we want to make Tomorrow’s India a platform for budding entrepreneurs to pitch their ideas on a global stage and contribute to the success of Prime Minister Narendra Modi’s ‘Start-up India, Stand-up India’ campaign.”

The summit will include a focused initiative for start-ups to win on-the-spot funding from international investors who will also join the event from India, South Korea, Mauritius and Singapore.A first event of its kind was held in Singapore in January this year. The second summit in Seoul is being organised in association with Accelerate Korea, Indian Angel Network, and IIT-Delhi’s Foundation for Innovation and Technology Transfer.

Accelerate Korea acts as a catalyst for developing opportunities between Asia, Europe and North America for the larger entrepreneurial ecosystem. It reportedly also runs indigenous initiatives to support late stage seed, early Series A and SME funding.

Pharmaceutical and healthcare, electronics, automobiles, machine tools, infrastructure, heavy industries and cosmetics sectors are likely to be represented at the summit, while there’s keen interest from companies based in Zimbabwe and Finland as well.

“It’s important for Indian start-ups to understand how business has evolved across the world and at a larger scale. We want them to look at the world market, and be informed of what’s happening among start-ups in countries like South Korea,” Singh shares.

More than 100 start-ups each from South Korea and India are expected to be in attendance. Healthy turnouts are expected especially from the Incheon, Seoul and Gyeonggi-do provinces of South Korea.

Source: thehindubusinessline.com/economy/global-summit-to-facilitate-exchange-between-india-and-korean-startups/article9115757.ece

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