Union Minister of State for Electronics and IT Rajeev Chandrasekhar while inaugurating the two-day G20-Digital Innovation Alliance summit being held in Bengaluru spoke about key trends happening in India that are of interest to start-ups.The Minister said the centre of gravity of tech which used to be in a few countries and around a few companies is now moving to open-source systems and younger start-ups are disrupting the normal.

“Three trends are happening that are of interest to start ups today in the innovation economy,” he said.“The centre of gravity of tech which used to be in a few countries and centred around a few corporations or few companies is moving to open source systems to younger and younger start-ups that are disrupting the normal and these 2 trends are in-turn capitalising on the broader trend of increased digitization and faster digitization,” he added.
The two-day Digital Innovation Alliance summit, being held on the side-lines of the fourth meeting of the ‘Digital Economy Working Group’ under G20, is being attended by global experts and digital leaders including representatives from other G20 countries.

The Summit is focused on discussions on ‘Digital Public Infrastructure (DPI)’, ‘Security in the Digital Economy’, and ‘Digital Skilling’.As part of India’s G20 Presidency, G20 Digital Innovation Alliance (G20-DIA) initiative was launched under MeitY Startup Hub. It recognizes and accelerates the growth of start-ups from all G20 countries and nine invited guest countries in six sectors – Ed-tech, Health-tech, Agri-tech, Fin-tech, Secured Digital Infrastructure, and Circular Economy that are using digital technologies to solve humanity’s most pressing needs.
A total of 174 start-ups from 29 countries are part of the program. These start-ups will pitch to a jury of global leaders at the G20-DIA Summit.

The Summit will culminate on August 18 with an awards ceremony in which 30 start-ups will be honoured in various categories.