In a press conference, Arun Kumar Sarma, Director General of NECTAR, highlighted the Conclave's objectives, emphasizing its role in showcasing the dynamism of the North East startup ecosystem. The event seeks to bring together stakeholders to catalyze investment, innovation, and connectivity in the region.

"I see a lot of founders starting a lot of companies, and I ask them why did you start this company, and the answer is 'I want to make a lot of more money' I don't think that works because that leads to bad governance calls... that's not the purpose with which you should start a company," he said while addressing a packed hall.

Apple reportedly acquired the AI startup DarwinAI. According to a Reuters report citing Bloomberg sources, the acquisition aimed to integrate DarwinAI's expertise into Apple's AI division, with a focus on enhancing the speed and efficiency of AI systems.

In the first two months of 2024 alone, $100 million in funding has been raised by women-led startups. Among the 2,300 funded women-led startups, 13.4% have progressed to the Series A stage, and 3% have advanced to the Series C stage or beyond.

Chambers began by expressing his optimism about India's potential for growth, citing the country's large pool of educated engineers and its entrepreneurial spirit as key factors. He emphasized the importance of nurturing startups and small businesses, stating that innovation and entrepreneurship will be crucial for India to maintain its economic momentum.

With over 250 stakeholders in attendance, SUFALAM 2024 featured a comprehensive agenda comprising knowledge sessions, pitching sessions, panel discussions, networking opportunities, and an exhibition. The knowledge sessions delved into critical topics such as the overview and benefits of start-ups, food regulations, and business and financial modeling for start-ups.

The transition from $22 billion valuation to navigating through financial strains and corporate upheavals has been a journey fraught with severe challenges.

The Digital India futureLABS, coordinated by C-DAC, aims to tap into the trillion-dollar opportunity presented by the Electronics System Design and Manufacturing(ESDM) sector.

The virtual address by Jitendra Singh emphasized the government's commitment to promoting the startup culture in J&K and the need for stakeholders and students to seize the funding opportunities available.

It is necessary to recognize India's close-knit and resilient new-age entrepreneur community that has advanced the nation and made it into a breeding ground for excellence.

During his visit, the minister interacted with the employees and engaged in discussions with co-founder Aman Gupta

Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that as on December 31 last year, 1,17,254 startups have been recognised by the department. The number of startups getting income tax benefits was 1,100 till March 2023 and now it has increased to 2,975 startups.