India Startup Week by The Indian Chamber of Commerce Highlights Financial Inclusion for Startups on Day 2

News Desk, News Nation 360 : The second day of the ICC India StartUp Week started with a pitching session for the startups. There were 20 Startups from across the country. It was a mixed bag of Startups from sectors such as finance, automation, AI, legal, eductech, agrotech and others. Anubhab Goel, Head, Digital Innovation, HDFC Ergo stated two important features of the insurance industry, these are highly manpower intensive and also highly data-driven. He felt startups can provide a solution to these features. Avneesh Pandey, Chief General Manager, Security & Exchange Board of India (SEBI) while addressing a session on Innovation Sandbox said that there are three drivers of innovation – building ecosystem, innovation by design, and connecting applications. Talking about building a securities market ecosystem he emphasized on Innovation Sandbox approach to promote innovation both in terms of new products and services as well as new ways of delivering existing products and services. He talked about two Sandbox approaches – Innovation Sandbox for securities market-related data and Regulatory Sandbox for the regulated entities. The session was followed by a panel discussion on “Banks on Startups - Sharing the Mission and Vision”.

Report : Anustup Kundu