TiEcon Delhi 2024: Propelling India Towards AI Leadership and Startup Success
Ihe recently concluded, TiEcon Delhi 2024 made a significant impact on India’s entrepreneurial landscape. With over 2000 delegates, 100 speakers, and 50 investors in attendance, the event served as a symbol of innovation and resilience in the startup ecosystem. The spotlight was firmly on Artificial Intelligence (AI), with key stakeholders outlining ambitious plans to leverage this transformative technology.
Government officials set the tone by reaffirming their commitment to fostering innovation. S Krishnan, Secretary of MeitY, revealed plans to make AI graphics processing units (GPUs) available under the Rs 10,372 crore AI Mission within the next 18-24 months. This initiative aligns with India’s broader vision for AI, aiming to propel the nation into a global leadership position while ensuring ethical deployment and democratising its benefits.
The investment landscape also received a significant boost, with the Fund of Funds for Start-ups (FFS) committing Rs 9,500 crore to support new ventures. This infusion of capital is expected to catalyse innovationdriven enterprises and provide vital funding for startups through Alternative Investment Funds.
Vishal Dhupar, MD Asia South at NVIDIA, emphasised the potential for India to become a powerhouse in accelerated computing. India is wellpositioned to benefit from this emerging market, moving from being a back-office hub to a global leader in AI innovation, while holding only a 1-2 percent share of the global data center business.
TiEcon Delhi 2024 wasn’t just about AI; it showcased the diversity and dynamism of India’s startup ecosystem. Geetika Dayal, Executive Director of TiE Delhi-NCR, highlighted the enthusiastic participation across various sectors, from space and geospatial technology to food, auto, and sports. The occasion served as a reminder of the strong entrepreneurial spirit that exists across the nation.
In a bid to further empower startups, TiEcon Delhi 2024 threw its weight behind the ‘Startup Mahakumbh,’ an initiative by the Government of India aimed at bringing together key players in the ecosystem.
Rajan Anandan, MD of PeakXV & Surge, emphasised the collaborative nature of this endeavor, uniting startups, investors, incubators, and industry experts to showcase innovation on a grand scale.
The event also shed light on the important role of regional influencers in shaping cultural narratives and driving consumer behavior in tier 2 and 3 cities. A report by Havas Media Network India highlighted the growing influence of regional content creators, providing valuable insights for brands seeking to engage diverse audiences across the country.
TiEcon Delhi 2024 culminated in the celebration of entrepreneurial excellence, with awards honoring startups in the manufacturing domain, those demonstrating resilience, and outstanding CFOs. These accolades underscored the power of innovation and determination within the startup community.
Supported by leading business partners such as Startup India, Maruti Suzuki Innovation, and SAP, TiEcon Delhi 2024 epitomised the collaborative spirit driving India’s startup ecosystem forward. With a strong emphasis on AI, investment, and inclusivity, the event charted a course towards a future where Indian startups lead the way in innovation and impact.
‘Outlook Business was media partner for the event’