According to Panneerselvam Madanagopal, the CEO of MeitY Startup Hub, tier II and III cities in India are set to play a pivotal role in propelling the country’s startup ecosystem forward. Madanagopal emphasized this point during the recent NextGen Startup Summit in Jaipur, where he highlighted the potential for these non-metro areas to become the next frontier for startup innovation and the emergence of new companies.
The Summit, organized in collaboration with Vivekananda Global University, focused on empowering startups from tier II and III cities to scale their operations. Discussions revolved around key challenges such as accessing global markets, securing funding, and fostering robust entrepreneurial ecosystems outside major metropolitan areas.
Madanagopal underscored the significance of MeitY’s Genesis program, which is designed to strengthen startup capacities in tier II and III cities through a network of 65 partner incubators. The initiative aims to cultivate a sustainable ecosystem that transcends geographical boundaries and nurtures innovation on a national scale.
The event witnessed participation from industry leaders, including Onkar Bagaria, Gaurav Sharma, Sudhanshu Gupta, Pinky Maheshwari, Rohit Bajaj, and Tripti Somani, fostering a collaborative environment to drive startup growth across diverse regions.
Source: Inc42 Media