Startups went about striking business deals, improving global visibility and forming ties with business leaders and mentors at the three-day event.
Startups from Kerala chosen to be part of the Convergence India Expo 2023, which was organised in the national capital, are an excited lot as they were successful enough in making handsome gains at the prestigious event.
The startups from Kerala showcased innovative products and services at the event, which was taken note of by many in the domain. The result was that they were able to clinch business deals, up their global visibility and they proved successful in striking links with business leaders and mentors at the three-day event.
The event also witnessed delegations from the Netherlands, Russia, the UK, Ireland, Poland, and Slovakia expressing keen interest to collaborate with the Kerala Start Up Mission (KSUM), which is Kerala’s nodal agency aiding the incubation and growth of startups in the state.
30 startups led by KSUM participated
A strong contingent of 30 startups led by KSUM participated in the March 27-29 expo at Pragati Maidan in the national capital, which featured the latest technologies and innovations from the Information and Communication Technology (ICT) industry. The expo also imparted further impetus to KSUM’s efforts to promote and support the country’s startup ecosystem as the initial rounds of interactions laid ground for future collaborations.
Over 25 investor-level deliberations had been initiated at the expo helping the nascent companies identify potential investors while around 85 discussions gave the startups assurance for future collaborations. Also, Quadleo, a KSUM-backed startup, got an opportunity to extend its market to Nepal.
The annual event, aimed at helping the startups gain global visibility for their products and services and keep them abreast of the latest trends and technologies in the ICT industry, saw the convergence of 1,000 participants from 40 countries including over 200 start-ups from across India.
5k visitors arrive at Convergence
This edition of the expo which witnessed over 5000 visitors had on display a wide range of new products, services, and emerging technologies like 5G, AI, and IoT to participants, enabling the participants to stay ahead of the industry competition and develop innovative solutions to tap the market requirements.
According to Anoop Ambika, CEO, Kerala Startup Mission, the Kerala startup ecosystem made a deep impression at the event on account of the innovative products they have developed. The startups that participated in the expo will benefit substantially by attracting partners and investors who can further strengthen the ecosystem by providing funding and scale-up support.
The expo was also a learning experience for the startups as there were workshops, seminars and interactive sessions featuring key stakeholders that provided valuable insights into industry trends and best practices.