The prestigious India-ASEAN Startup Summit 2023 will be happening from December 12–13, 2023, at the Sunway Pyramid Convention Centre. The business event is expected to see more than 600 local and international startup businesses, with the aim of creating a beneficial platform for the development of startups both in India and the region of Southeast Asia. This event is the innovative brainchild of Malaysia’s DEWI Wealth Accelerator, which has organised this event with the aim of developing innovation, collaboration, and women’s empowerment. Tickets for this event can be purchased through their website.
The summit will be attended by many influential business professionals, including representatives from India’s two leading start-ups, Startup India and Invest India. There will also be the presence of 50 local and international investors, along with 100 startup hubs, accelerators, and government agencies. This platform is designed to create a lucrative learning and networking space where many professionals who are engaged in the startup industry can be more informed and enlightened by the prospects of economic and technological development, as well as gain potential international trade relations.
Datin Malliga Subramaniam, the founder of DEWI Wealth Accelerator, which is one of the organisers of this event, detailed how this summit is incredibly beneficial for Malaysian startups to learn about the international opportunities they can create from engaging with Indian startups and the expansive Indian market as well.
“At IASS 2023, we are excited to create a platform where Malaysian startups can gain insights from India’s thriving digital technology ecosystem. India’s expansive market and favourable incentives for businesses in emerging sectors offer fertile ground for innovation. This summit will open doors for Malaysian startups to benefit from the Indian market, fostering a reciprocal exchange of ideas and strategies.“
– Datin Malliga Subramaniam, Founder of DEWI Wealth Accelerator
B.N. Reddy, the Indian High Commissioner to Malaysia, stated that this summit will present a great opportunity for Indian businesses to branch out into the Southeast Asian market. For example, there are Indian startups such as Razorpay, India’s leading fintech player, that are working with Curlec Malaysia and have even acquired a majority stake in the business. Forming economic alliances between India, Malaysia, and the Southeast Asian region as a whole can be seen as a great prospect for all parties involved.
“Indian startup companies such as Oyo, Perfios, Pine Labs and Razorpay are now well-established in Malaysia and are exploring opportunities in the Southeast Asian region that presents a big opportunity,“
– Indian High Commissioner to Malaysia B.N. Reddy
He goes on to detail how, internationally, India has the world’s third-largest startup ecosystem, with a persistent growth rate of 12–15%. At present, there are over 115,000 startups in India recognised by the government, with 110 startup unicorns valued at over US$1 billion (RM4.7 billion).
Source: The Sun