India recognized as ‘country of the year’ by Europe’s Vivatech

Vivatech 2020, Europe’s biggest start-up conference has recognized India as the “country of the year.”

It is a tremendous honour for India to be named “country of the year” in Vivatech 2020. This is due to the global contribution of Indian start-ups. This is how Indian start-ups are recognised, said, Mr. Ashwini Vaishnaw, Minister of Railways, Communications, Electronics and Information Technology.

The combination of billions of smartphones, billions of bank accounts with billions-plus digital identities help in enabling the creation of novel use cases for technology development in India, said Mr. Vaishnaw while inaugurating the India pavilion at the Vivatech technology exhibition.

The Indian start-up ecosystem is rapidly expanding and has over 100 unicorns, demonstrating the scale and recognition of Indian ecosystems. The objective of participating in Vivatech is to showcase Indian start-ups are solving global problems and innovating for the world, said Mr. Chintan Vaishnav, Mission Director, Atal Innovation Mission.

Around 65 start-ups from India are participating in Vivatech 2022 with government support.