- Dubbed RAISE 2020, the summit is scheduled to take place in Delhi
- AI Startup Pitchfest, AI Startup Theater and The AI Startup Awards are some of the expected events to take place at the summit
The Government of India has postponed its upcoming RAISE 2020 Summit to October 2020. Scheduled to take place in Delhi on fourth, fifth and sixth October 2020, the summit will talk about the use of AI in future of work, financial inclusion, R&D and academia among others.
“AI Startup Pitchfest will be an exclusive closed-door pitching for a select few before the best of investor community and potential customers. AI Startup Theater will provide one of its kind opportunity for select startups to showcase their offering at the center stage of a premium and one of its kind summits globally. We would be institutionalizing AI Startup Awards to recognize the potentially high impact champion startups for using AI as a solution and enabler,” explains RAISE 2020 website.
Venture Capitalists and decision-makers from the Government
The event, as it appears from the website, will be attended by venture capitalists and decision-makers from the government. India, being the fastest growing economy with the second largest population in the world, has a significant stake in the AI revolution explained a NITI AYOG report. Recognising AI’s potential to transform economies and the need for India to strategise its approach, Hon’ble Finance Minister, in his budget speech for 2018 – 2019, mandated NITI Aayog to establish the National Program on AI
“The step to postpone the Summit is a public health measure for containment and mitigation of the current COVID-19 outbreak,” Abhishek Singh, president and chief executive, National e-Governance Division (NeGD), Ministry of Electronics and Information Technology (MeitY ) said via a press statement.
AI Startup Pitchfest, as per the RAISE 2020 website, is going to be one of the world’s leading hubs for AI startups-investors-enterprises networking and pitching for investment or looking for targeted customers. AI Startup Pitchfest offers an exclusive opportunity for startups to showcase their products, expertise and network with global investors. The highly curated pitching competition will provide a unique opportunity for the select startups to have on-board renowned investors not just as financial but also as business partners.
The AI Startup Theater, on the other hand, will provide a platform for identified startups to exhibit, interact and network with summit delegates in an open space. At AI Startup Theater, the centerstage is all yours and the best minds of the world in the field of AI present at the summit will be your audience. This will provide an opportunity for the startups to expose themselves to a much wider audience within a short duration of time.
AI Startup Awards will be given to identified startups in the field of Artificial Intelligence for excellence in identified sectors. The Awards seek to recognize and felicitate startups pioneering, developing, harnessing and exploiting AI to empower everyday solutions.