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Science & Tech.
Pradeep Kumar

18/10/21 10:00 AM IST

G20 Innovation League

In news
The current Italian Presidency of the G20 has unveiled G20 Innovation League, a new and unique initiative designed to drive forward innovative projects that help create a sustainable future.

Highlights
  • The initiative brings together the most promising startups from G20 countries together with institutions and investment funds so they can collaborate and develop innovative sustainable business projects.
  • Five fundamental issues have been identified that will have the most significant impact on the future of the planet [including clean technology, healthcare and smart cities].”
  • The startups competed in five categories: Artificial Intelligence, Clean Technologies, IoT Technology and Wearable Devices, Smart Cities and New Mobility, and The Future of Healthcare.
  • The startups called to present their projects and to propose sustainable technological solutions took part in five challenges.
  • At the first stage of competition, the most promising startups were nominated by each of the G20 countries.
  • At the second stage, 100 startups that made it to the finals were evaluated by venture investors based on financial results, product uniqueness, team competencies, and innovative ideas to tackle global challenges to help build a more inclusive and sustainable future.
Challenges
  • The real challenge is to encourage new international investments and strengthen cooperation between public and private actors on innovation.
  • For this reason, it’s important to bring togetherstartups with potential investors, and organize B2B meetings with venture capitalists and international companies.
Source: g20innovationleague 

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