Hyderabad: The eighth Global Entrepreneurship Summit (GES), being held in Hyderabad from November 28 to 30 is going to bring together about 1,200 entrepreneurs and 350 investors from across the world. The US President’s senior advisor Ivanka Trump is going to lead the US delegation at GES, which is being held with the theme ‘Women First, Prosperity for All’.
Of the 1,200 entrepreneurs, 400 will be from India, 400 from the US and 400 will be from rest of the world. The entrepreneurs, investors and ecosystem supporters will take part in the two and half days of activity that will include training and mentoring sessions, networking and investment ties.
Hyderabad was chosen because of the strong presence of major US and Indian technology companies, robust startup ecosystem, premier academic institutions, talent pool and supportive government policies that encourage entrepreneurship.
The US government representative and senior director for International Organizations and Alliances at the National Security Council Jennifer Arangio said, “GES will provide opportunity to showcase the United States’ entrepreneurial acumen, highlight women’s economic empowerment and foster economic growth and prosperity.”
She added, “This is the first GES that is being held after Donald Trump became the US President. There will be wide participation from the US counterparts with entrepreneurs and investors expected to join from Michigan, Silicon Valley and Oklahoma. Both sides will discuss on topics ranging from cancer drugs to high value products.”
The Prime Minister Narenda Modi is keen on improving ease of doing business, support startups and entrepreneurs, simplifying tax structures. With a common vision between Modi and Trump, GES will establish a needed linkage.
The summit will broadly focus on four set of sectors- Health and Life Sciences, Digital economy and FinTech, Energy and Infrastructure, and Media and Entertainment.
Ivanka Trump will be participating in the inaugural session on November 28 and will participate in the day long events on November 29. The summit will have technical sessions starting November 29th. GES will also launch an app that will help all the delegates to network before, during and after the summit identifying and matching their synergies.
The US Consul General in Hyderabad Katherine Hadda, said, “There are 130 American companies operating in Hyderabad which in addition to creating jobs both in India and the US are actively stimulating entrepreneurship and women’s empowerment.”
“We will be able to introduce more US companies and investors to this region and the GES will provide linkage to this expanding partnership between the US and India,” she added.
C Muralikrishna Kumar, senior advisor, NITI Aayog, said, “Asia is hosting the GES for the first time. The summit will enable solutions to major developmental challenges. Innovators and entrepreneurs from across the world will network to benefit society. At a time when India is taking several steps to boost innovation and entrepreneurship through Start Up India, Make in India and Atal Innovation Mission, GES will create an unique opportunity for networking among the best.”
He informed, the US team has been coordinating with the Indian counterparts for the last two and half months. The Thursday’s visit of the US representatives is the third so far after the GES has been finalised to be hosted in India (Hyderabad).