StartUp Sphere 2024 highlights ICAI's impact on India's economic growth, innovation; launches start-up and MSME yatra

The Institute of Chartered Accountants of India (ICAI) held the StartUp Sphere 2024 event at the Karnataka Trade Promotion Organization (KTPO) in Bengaluru on June 27. The event aimed to foster collaboration and discussion among start-ups, unicorns, investors, and industry leaders about the start-up ecosystem. The event was supported by several organizations, including Startup India, Startup Karnataka, MeitY Startup Hub, STPI, and I-Hub.

The event was inaugurated by several dignitaries, including CA Charanjot Singh Nanda, Vice President of ICAI; CA Aniket Sunil Talati, Immediate Past President of ICAI; CA Debashis Mitra, Past President of ICAI; Dheeraj Kumar Khandelwal, Chairman of the Committee on MSME & Startup; CA (Dr) Raj Chawla, Vice Chairman of the Committee on MSME & Startup; and Vijay Kumar Jhalani, government nominee.

Ranjeet Kumar Agarwal, President of ICAI, stated that the organization’s initiatives are designed to support entrepreneurs at every stage of their journey, providing mentorship, facilitating access to capital, and offering training programs to equip startups with the necessary skills and knowledge.

Nanda emphasized that ICAI’s role in shaping India’s financial landscape and fostering growth and success across sectors is essential for entrepreneurial triumph. The theme of StartUp Sphere 2024, ‘Startup Synergies: Collaborate, Create, Conquer’, underscores the importance of collaboration and innovation for entrepreneurial success.

In addition to the main event, ICAI also inaugurated the ICAI MSME and Startup Yatra, which will travel to 100 cities in 100 days, showcasing the diverse endeavors of the MSME and start-up ecosystems. The Yatra has a dedicated focus on the ‘Financial and Tax Literacy Drive’ to enhance financial and tax literacy and build capacity among MSMEs and start-ups.

Khandelwal, on the MSME and Startup Committee, stated that CAs play an indispensable role in crucial tasks such as tax compliance, valuation, IPO journeys, and audits, essential for the success of startups, including unicorns. The event included a campus placement program with 15 companies offering 300 vacancies, creating substantial opportunities for young CAs.

Overall, StartUp Sphere 2024 highlights the crucial role of CAs in promoting India’s entrepreneurial spirit and driving economic growth through innovation and strategic partnerships.

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