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Mahesh

12/05/23 06:27 AM IST

Shanghai Cooperation Organisation (SCO) Startup Forum 2023

In News
  • Department of Promotion for Industry and Internal Trade, Ministry of Commerce organized the third edition in the form of first-ever physical Shanghai Cooperation Organization (SCO) Startup Forum in New Delhi.
About SCO Startup Forum
  • The forum will lay the foundation for multilateral cooperation and engagement among the Shanghai Cooperation Organisation (SCO) Member States to develop and hone their startup ecosystems, collectively.
  • The Forum shall identify areas of cooperation by launching multiple entrepreneurial activities like startup showcases through a dedicated virtual platform, mobilizing capital for startups, sharing of best practices, procuring social innovations etc.
  • SCO Startup Forum 2020: The SCO Startup Forum laid the foundation for multilateral cooperation and engagement for startups among the SCO Member States.
  • SCO Startup Forum 2021: The two-day Forum was held virtually through a customized platform representing the Indian culture in augmented reality. SCO Startup Hub, a single point of contact for the SCO startup ecosystem, was launched in this forum.
  • Focused Mentorship Program: A 3-month long virtual mentorship series ‘Starting-Up’ was organized for the nominated startups, to build capacity among the SCO Startup founders.
About SCO
  • SCO is a permanent intergovernmental international organization.
  • It’s a Eurasian political, economic and military organization aiming to maintain peace, security and stability in the region.
  • It was created in 2001.
  • The SCO Charter was signed in 2002, and entered into force in 2003.
  • Prior to the creation of SCO in 2001, Kazakhstan, China, Kyrgyzstan, Russia and Tajikistan were members of the Shanghai Five.
  • Shanghai Five (1996) emerged from a series of border demarcation and demilitarization talks which the four former Soviet republics held with China to ensure stability along the borders.
  • Following the accession of Uzbekistan to the organization in 2001, the Shanghai Five was renamed the SCO.
  • India and Pakistan became members in 2017.
Source- PIB

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