
On May 23, 2024, at ICAI Bhawan in Bangalore, the Institute of Chartered Accountants of India (ICAI) held a press conference to launch the StartUP Sphere, a three-day event. This event was highly praised by a group of Chartered Accountants from ICAI. Esteemed experts such as CA. Kavitha Paramesh (Secretary), CA. Abhay Kumar Chhajed, CA. Pramod R. Hegde (Chairman), CA. Rajneesh Kumar Agarwal (President), CA. Dheeraj Kumar Khandelwal (Chairman, Committee on MSME), CA. Cotha S. Srinivas (Ex-Officio, Central Council Member), and CA. Geetha A.B. (Ex-Officio Regional Council) were present to illuminate the press conference.
Scheduled from June 27 to June 29, 2024, the StartUP Sphere serves as an effective platform for various stakeholders and established startups across industries to gain recognition from prominent investors. It aims to bring together a collaborative force within the startup ecosystem, facilitating, strengthening, and connecting new ideas, technologies, and startups at any stage. Participants will have the opportunity to pitch their ideas, boosting their confidence and paving their way from concept to success.
ICAI President CA. Rajneesh Kumar Agarwal expressed his enthusiasm, highlighting plans to increase the number of exhibitors, startup pitches, and funding compared to the inaugural edition held last year in Mumbai. The first edition was highly successful, featuring 60 pitches to 75 investors and securing approximately $100 million in funding. The second edition in Bangalore is set to feature 100 exhibitors, 200 startup pitches, 100 investors, and aims to achieve $200 million in funding.
The event will receive support from government and ministers, including the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Electronics and Information Technology (MeitY), Software Technology Parks of India (STPI), and Karnataka Innovation and Technology Society (KITS). The objective is to create and abide by new rules, foster more unicorns, and strengthen the startup community with the help of entrepreneurs, founders, and investors. Over 10,000 attendees are expected, providing a foundational experience for students with unique ideas but no funding. With no registration fee, the event aims to inspire and guide many aspiring minds, reinforcing the belief that the power to shape the future is in everyone's hands.
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