KUALA LUMPUR: The first India-Asean Startup Summit (IASS) is scheduled to take place from Dec 12-13 this year at the Sunway Pyramid Convention Centre.
The summit aims to promote collaboration between Indian startups and those in Malaysia and other Asean countries, positioning Malaysia as a hub for Indian startups.
A total of 35 startups from India, including unicorns, led by Startup India under the Department of Investment and Internal Trade (DPIIT) of India, Department of Science & Technology (DST) of India supported by Indian Institute of Technology (IIT) Kanpur and T-Hub from Hyderabad, are participating in the summit.
Over 600 participants with 160 from startups, several startup hubs/incubators, accelerators and government officials are participating.
The IASS is organised by Malaysian startup entrepreneurs, led by DEWI, INPUT and COEXRT.
In collaboration with Startup India under DPIIT India and Ministry of Science, Technology and Innovation (MOSTI), the summit is expected to drive collaboration in emerging areas between India and Malaysia through startups.
The 35 Indian participating startups at IASS represent diverse sectors of relevance to India, Malaysia and the Asean region.
They represent the latest innovations in sectors such as enviromental, social and governance (ESG), waste management, generative AI, aviation and space technologies, edu-tech, health-tech.
India's remarkable startup growth, currently ranking third globally with 116,000 recognised startups and 111 unicorns valued at over US$350 billion, sets the stage for a meaningful engagement during the IASS.
This event aims to bring together various stakeholders in the startup ecosystem, including startup founders, venture capitalists, policymakers, accelerators, and incubators.
The startup revolution in India is amongst the most visible manifestations of Prime Minister of India Narendra Modi's vision announced in January 2016 to transform India into a country of job creators instead of job seekers, through the launch of government of India's Startup India initiative.
This Startup India vision catalysed startup culture and built a strong and inclusive ecosystem of innovation and entrepreneurship in India.