Artificial Intelligence Takes the Spotlight at TiEcon Delhi 2024

Wondering how India plans to lead in Artificial Intelligence? Get insights on government commitments, industry perspectives, and startup innovations at TiEcon Delhi 2024. Dive deeper into the transformative discussions—read the full story now!

Shreshtha Verma
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 Artificial Intelligence Takes the Spotlight at TiEcon Delhi 2024

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TiEcon Delhi 2024, the flagship startup event by TiE Delhi-NCR, set the stage for a vibrant convergence of innovation and entrepreneurship, with a spotlight on Artificial Intelligence (AI) initiatives aimed at reshaping India’s technological landscape. With over 2000 delegates, 100+ speakers, and 50+ investors in attendance, the conference served as a catalyst for discussions and collaborations to drive the nation towards a future powered by innovation.

Government Commitment to AI Development

In his keynote address, Sivasubramanian Ramann, Chairman of SIDBI, underscored the government's commitment to fostering entrepreneurship by announcing the commitment of Rs 9,500 crore from the Fund of Funds for Start-ups (FFS). This substantial investment aims to bolster the startup ecosystem and facilitate the growth of innovation-driven enterprises across the country.


S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), echoed this sentiment, emphasizing the government's vision for AI development. Krishnan outlined the ambitious target of making AI graphics processing units (GPUs) available within the next 18-24 months under the Rs 10,372 crore AI Mission. He emphasized that these initiatives are aligned with the broader vision of the India AI Mission, which seeks to establish India as a global leader in AI, ensure ethical AI deployment, and democratize the benefits of AI across society.


Industry Perspectives on AI and Innovation

Industry leaders at TiEcon Delhi 2024 shared their insights and plans to drive innovation in India's AI landscape. Vishal Dhupar, Managing Director Asia South at NVIDIA, emphasized the potential of AI to transform India into a global powerhouse of intelligence. Dhupar highlighted India's opportunity to leverage accelerated computing to harness the immense potential of the global data center industry, positioning the country as a hub for AI innovation and export.

The entrepreneurial spirit was palpable at TiEcon Delhi 2024, with startups, investors, corporates, and policymakers coming together to explore opportunities and drive innovation. Geetika Dayal, Executive Director of TiE Delhi-NCR, noted the vibrant participation and enthusiasm among attendees, highlighting AI as a focal point while also acknowledging opportunities in space, geospatial landscape, food, auto, and sports sectors.

Support for Startup Mahakumbh Initiative

TiEcon Delhi 2024 also threw its weight behind the 'Startup Mahakumbh' initiative by the Government of India, scheduled to commence on March 18th, 2024. This groundbreaking initiative aims to bring together key players in the startup ecosystem, providing a platform for collaboration and growth.

The conference also recognized outstanding achievements in the startup ecosystem through various awards. The Spirit of Manufacturing Awards, TiE-Lumis Entrepreneurial Excellence Awards, and the inaugural Startup CFO Awards celebrated the resilience and innovation demonstrated by startups across diverse sectors.

Insights and Collaboration

TiEcon Delhi 2024 facilitated knowledge sharing and collaboration among industry stakeholders. Brands such as Havas Media Network India and Klug shared insights into the role of social media influencers in shaping cultural narratives in Tier 2 & 3 cities in India. The conference also saw participation from acclaimed business and industry partners, reflecting the collaborative spirit driving India's startup ecosystem forward.

TiE Delhi-NCR is a leading chapter within the TiE network, dedicated to fostering entrepreneurship and innovation. With a robust mentor support base and a wide range of programs throughout the year, TiE Delhi-NCR plays a pivotal role in creating a positive ecosystem for entrepreneurs and investors alike.

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