The Next Big Leap

The Next Big Leap | 5 [ FOREWORD ] FOREWORD The story of Indian start-ups began over four decades ago when companies such as TCS, Infosys and Wipro placed India firmly on the global economic map. India has since seen a dramatic acceleration in both the quantum and the diversity of start-ups not only because of the sheer number of entrepreneurial initiatives, but also given its strong angel investor network. With the rise of digital technologies nearly $20 bn of capital inflows and about 100,000 people, the country is now home to the third-largest start-up ecosystem in the world. The scope for Indian start-ups is immense in various sunrise and sustainable development sectors such as green energy, health tech, deep tech, and clean mobility. Coupled with the government’s support, with initiatives such as the Start-up-India programme, Atal Innovation Mission, and Production-Linked Initiative schemes (PLI) this creates an environment conducive to the success and growth of Indian start-ups. The Leap India Start-up Summit 2023 was organized by D&B in collaboration with SBI to educate and inspire innovators, entrepreneurs, leaders, and trailblazing changemakers. The event was spread over 3 sessions with multiple panel discussions with experts and leaders from different arenas of the start-up world and was enriching and illuminating for all attendees. One of the main points of discussion was about sharing insights and strategies for start-up funding and how to excel and come out on top of this transformative world by harnessing the digital potential. The participants also gained from the rich experience of the panel members who discussed the challenges they faced during their journeys and how they built their businesses into successful brands. The event also highlighted the key initiatives taken by SBI to support start-ups and to align with the Start-up India Initiative of the Government, by: • exclusively serving the banking & non-banking needs of Start-ups • setting up focused start-up branches • Providing all-encompassing solutions under “Power of One” with the help of all its Subsidiaries/ Joint ventures under one roof The bank has opened dedicated SBI Start-up Branches with Relationship Managers (SMEs) at 13 select SME branches across the country to provide services to the start-ups. Bank has developed customized liability products, Cash Management products, and Digital and Transaction Banking services. Further, an exclusive loan policy is curated to meet the start-ups’ needs and SBI is also facilitating meetings with prominent VCs & ‘Private Equity’ players where the start-ups can pitch their funding needs. As part of Treasury solutions, FDI / FPI /AIF transactions can be completed with minimal documentation and SBI API platform, allows start-ups to adapt to the existing application and business needs. The one-time integration will enable the start-ups to control service-level management, governance, monitoring, and reporting. Dun & Bradstreet