The TiEcon Delhi 2024 flagship start-up event by the TiE Delhi-NCR conference witnessed the celebration of entrepreneurial spirit, exclusive business networking opportunities, and the recognition of outstanding achievements through various awards. The conference revolved around the theme ‘The New Bharat: Confident | Bold | Inclusion’.
The inaugural session commenced with a keynote address by Sivasubramanian Ramann, Chairman of SIDBI. He said, “The Fund of Funds for Start-ups (FFS) committed Rs 9,500 crore for the promotion of new ventures in the country. The commitment of Rs 9,500 crore has led to over 100 AIFs raising Rs 56,000 crore more.
In line with the Start-up India Action Plan, the FFS aims to support the development and growth of innovation-driven enterprises, including facilitating the funding needs of start-ups through participation in the capital of SEBI-registered Alternative Investment Funds.” Acknowledging the need to recognise and measure women's contributions to the economy, he further added, “The participation rate for women in states has been constantly dropping, and to look for rapid growth, there is a need for women to be far more active players outside the home."
Speaking at TiEcon Delhi 2024, the Chief Guest at the event, S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), highlighted the government's commitment to fostering innovation and entrepreneurship. He said, “The government's target is that artificial intelligence graphics processing units (GPUs) under the government's Rs 10,372 crore AI Mission will be available in the next 18–24 months. Aligned with the broader vision of the India AI Mission, these initiatives aim to bolster India’s global leadership, foster technological self-reliance, ensure ethical and responsible AI deployment, and democratise the benefits of AI across all strata of society.”
The TiEcon Delhi 2024 event also announced its support for ‘Start-up Mahakumbh’, a new initiative by the Government of India scheduled to kick off on March 18th, 2024.
In support of the Start-up Mahakumbh initiative, Rajan Anandan, MD, PeakXV, and Surge said, “The Startup Mahakumbh is being brought together by the entire Indian ecosystem of startups, investors, incubators, accelerators, and industry experts across sectors. Several industry associations, such as TiE Delhi-NCR, ASSOCHAM, and NASSCOM, have all joined hands to put together the ‘Startup Mahakumbh’.
Vishal Dhupar, MD Asia South, NVIDIA, further added to the vision of New Bharat. He said, “The global data center industry is around USD 4 trillion, which is going to double, and India has close to about 1-2 percent of the total global capacity. And we are going to take this whole world's software into accelerated computing.”
TiEcon Delhi 2024 also recognised the power of resilience and innovation in the start-up ecosystem with three award categories. TiE Delhi-NCR and Power2SME celebrated the 10th season of the Spirit of Manufacturing Awards, honoring startups in the manufacturing domain for their remarkable achievements and innovations. The 16th edition of the TiE-Lumis Entrepreneurial Excellence Awards recognised start-ups that have demonstrated resilience. In addition to these, the conference marked the inaugural edition of the Start-up CFO Awards in collaboration with Binary Semantics Ltd.
TiEcon Delhi 2024 was supported by business and industry partners such as Startup India, Maruti Suzuki Innovation, Havas India, SAP, AWS, PeakXV, Microsoft, STPI, NETAPP Excellerator, and many more.
