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G20 meet set to finalise a common definition for start-ups by July

The development comes in the backdrop of the setting up of Startup20, an official engagement group initiated under the Indian presidency of G20

Funding, Start-up, Startup
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Shreya Nandi New Delhi

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An official engagement group under G20 is set to finalise a common definition for start-ups in the next three months, with an aim to harmonise the global start-up ecosystem. 

“We are going to collaboratively define startups uniformly across G20 countries. We have already had discussions on this twice. By the third meeting, it should be finalised,” a senior government official said.

“All countries are putting in their suggestions. It will be a single communique that will be agreed upon by everyone,” the official said, adding that a single start-up definition will have a positive impact on policymaking. 

The development comes