FICCI launched India’s first ‘FICCI for Start-ups’ initiative which will provide a wide range of services and benefits to the Indian start-ups. The prime aim of this initiative will be to provide a voice to start-ups in India.

Addressing the launch webinar of ‘FICCI for Start-ups’, Dr. Sangita Reddy, President, FICCI said, “Start-ups are immensely essential to the growth of a nation’s economy. FICCI Start-ups is envisioned to help young Indian entrepreneurs to create a vibrant economy. This is the time to say Silicon Valley here we come.”

Dr. Reddy further said that these benefits will be offered to the FICCI Start-up members and the start-up membership is being offered free of cost until December 31, 2020. “Any start-up taking membership over the next three months can avail the benefits package without any cost for the next year,” she added.

Dr. Ajai Chowdhry, Chairman, FICCI Start-up Committee & Founder, HCL said that FICCI is the first global chamber to create a special program for Start-ups. The ‘FICCI Start-up’ ecosystem will provide a complete solution that any Start-up will require.

“We are Looking at a range of services to provide to all start-ups. We are working on existing and new Mentorships and a lot of these programs will be opened up for members. Entrepreneurs will help them in building relationships with accelerators, incubators, and angel funding. We will soon be launching FICCI-IAN social venture fund to financially support the Indian Start-ups,” he added.

Ms. Aastha Grover, Head Startup India Hub said, “Today, 45 percent of start-ups are coming from Tier 2 and Tier 3 cities with at least one start-up from each state and union territory in India. With the support of the State governments, industry association, and stakeholders, India is the 3rd largest ecosystem when it comes to Start-ups.

Mr. Dilip Chenoy, Secretary-General, FICCI said that over the last decade, even before start-ups was a common word in the lexicon in India, FICCI had been playing an important role in fostering the Indian Innovation and entrepreneurship system in the country. “We are currently implementing 14+ national and global programs through PPP to encourage and enable start-ups to grow and creating joint ventures of start-ups between India and countries in Africa and Latin America and more recently in Russia.


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