On September 9 and 10, the G20 New Delhi Summit was held in New Delhi, hosted by India as the G20 Presidency. At the G20 Summit, under the theme of “One Earth, One Family, One Future,” important issues such as food security, climate and energy, development, health and digitalization were discussed. The G20 New Delhi Leaders’ Declaration was issued as the summary of the discussions. 

The 55-member African Union was formally made permanent member of the G20, on par with the European Union, in order to make the grouping more representative. Until now only South Africa was a member of the G20. The entry of the AU would provide greater voice to the Global South.

The G20 leaders agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase-down unabated coal power, but stopped short of setting major climate goals.

India: DPIIT, along with Villgro, Announce 25 Selected Incubators for the National Incubator Capacity Development Program

The National Incubator Capacity Development Program, by the Department for Promotion of Industry and Internal Trade (DPIIT) has announced the selection of the Top-25 incubators that will go through an intensive 3-month mentorship, advisory, and capacity-building program. The initiative, in association with Villgro, is part of the Start-up India campaign. It is dedicated to nurturing social startups and entrepreneurs and propelling the rapid expansion of India's thriving startup ecosystem.

The program, over a period of 12 weeks, adopts a cohort-based hybrid approach to enhance the skills and abilities of the incubators. It includes a comprehensive set of self-learning modules, virtual and physical boot camps, exposure visits, and customized learning for incubator heads and sessions dedicated to efficiently managing the Startup India Seed Fund Scheme (SISFS). These sessions will be provided by a distinguished group of incubator business advisors, including PR Ganapathy, Chand Das, Rama Kannan, Sandeep Jain, etc.

India: New Indian research reveals how start-ups are driving new growth through cloud transformation

That’s according to a new report from SAP India, in collaboration with Zinnov Digital, which found 80% of start-ups in the enterprise tech, health tech, retail, logistics, and autotech sectors have reported a substantial increase in revenue from cloud transformation.

The report, ‘Driving the next phase of sustainable growth for Indian Start-ups in 2023 and Beyond’, polled Indian 115 start-ups to reveal they will continue to invest in enterprise technology platforms, driven by their proven ability to deliver business outcomes and ROI. Some of the key benefits of enterprise applications include top-line acceleration and control on the bottom-line, quick revenue recognition, and handling complex billing based on contracts and consumption for differentiated service lines.