Task Forces

Foundation &
Alliances

Startup20 | Supporting Business Startups An Initative By G20 2023

Startups impact and improve existing markets through innovative products and services or may introduce create new markets for existing solutions through innovative business models. Startups work in diverse markets and sectors leading to multiple definitions being adopted defining them and their work across geographies.

Startups need support, partnerships, collaborations to survive and scale in their markets or access new markets. Development of startup ecosystems in nascent markets and improving access to such ecosystems at a global level is required to develop prospective startups.

Development of startups through collaboration with large corporates across nations provide a next dimension of growth for startups and also expedite some of the key global issues.

Objectives:

Increase access to capital for startups by providing financing and investment platforms specifically for early-stage startups
Broaden the array of financial instruments available to startups
Create pitching and networking opportunities for startups with the global investor community
Build suggestive frameworks that could be implemented in emerging ecosystems for building investment capabilities
Provide a framework built upon best practices for global investors to fund startups across G20 member nations

Elevation to Leader’s Level

The G20 was upgraded to the level of Heads of State/Government in the wake of the global economic and financial crisis of 2007, and, in 2009, was designated the “premier forum for international economic cooperation”.

The G20 Summit is held annually, under the leadership of a rotating Presidency. The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to inter-alia include trade, climate change, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.

Foundation & Alliances

Objectives:

Harmonize the global startup ecosystem through consensus-based definitions
Promote a global community of knowledge sharing among the startup ecosystems
Bridge the knowledge gap between the startup ecosystems of G20 member countries and emerging economies’ through partnerships
Enable more industry players across G20 nations to work with Startups and cocreate solutions
Create supportive policies for industry players and government organizations to work with startups
To provide country point of contact for sustained collaboration

Foundation & Alliances

Objectives:

Harmonize the global startup ecosystem through consensus-based definitions
Promote a global community of knowledge sharing among the startup ecosystems
Bridge the knowledge gap between the startup ecosystems of G20 member countries and emerging economies’ through partnerships
Enable more industry players across G20 nations to work with Startups and cocreate solutions
Create supportive policies for industry players and government organizations to work with startups
To provide country point of contact for sustained collaboration

Finance

Stability in startup investments at global, regional and national levels. Identify triggers which lead to investment fluctuations and minimize such risks for startups. Mitigate imbalance of funding in critical sectors like Agri, Healthcare, Climate Resilience. Develop congruence between challenges of society, corporates and areas of global interest to develop equal opportunity for funding

Develop funding opportunities for startups which require high degree of research and development or high gestation periods in product development. Such mechanisms should be in place in order to support transformational technologies and business solutions

Foundation & Alliances

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Objectives:

Increase access to capital for startups by providing financing and investment platforms specifically for early-stage startups
Broaden the array of financial instruments available to startups
Create pitching and networking opportunities for startups with the global investor community
Build suggestive frameworks that could be implemented in emerging ecosystems for building investment capabilities
Provide a framework built upon best practices for global investors to fund startups across G20 member nations

Inclusion & Sustainability

Create equal opportunity for startup founders irrespective of gender, race, class, creed to significantly expand the pool of startups and encourage alternate school of thoughts developed through different experiences.

Develop conducive environment for startups which are focusing and building inclusive communities to drive equality and growth of global economies

Create avenues for startups to use sustainable practices in order to develop innovative solutions which also be sustainable and better for the environment.

Global support systems for startups focusing on innovations and solutions which would impact the sustainable Development Goals or bring out business models which would address SDG related challenges innovatively.

Foundation & Alliances

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Objectives:

Increase support for women led startups and organizations
Promote startups working on making communities more inclusive
Enable more investors to invest responsibly in startups built upon sustainable practices
Encourage mentorship support to the startup ecosystems of the G20 member countries and emerging economies
Promote startups working on SDGs in areas of global interest