PR No – 116
16th July, 2024
New Delhi
PHDCCI and Alliance of Digital India Foundation (ADIF) Sign MOU to Revolutionize Indian Startup Ecosystem
In a significant move set to reshape India’s entrepreneurial landscape, PHD Chamber of Commerce & Industry (PHDCCI) and Alliance of Digital India Foundation (ADIF) announced the signing of a comprehensive Memorandum of Understanding (MoU) today at PHDCCI House, New Delhi. This strategic alliance aims to provide unprecedented support to the Indian startup and innovation ecosystem, marking a new chapter in the nation’s journey towards becoming a global innovation hub.
Dr. Ranjeet Mehta, Executive Director, PHDCCI, elaborated on the partnership’s significance, saying, “Our collaboration with ADIF represents a watershed moment in our efforts to nurture India’s burgeoning startup ecosystem. PHDCCI’s extensive industry network, combined with ADIF’s deep understanding of the digital landscape, creates a powerhouse of support for entrepreneurs across the country. We are not just aiming to increase the number of startups; our goal is to significantly enhance their quality and success rate. This partnership aligns perfectly with our vision of fostering innovation-led growth and positioning India as a global leader in entrepreneurship.”
Prateek Jain, Associate Director at ADIF, shared his perspective on the collaboration, “Our partnership with PHDCCI marks a transformative step in ADIF’s mission to democratize India’s digital entrepreneurship landscape. This MoU goes beyond conventional support mechanisms, and focusses on architecting a holistic ecosystem that nurtures innovation at every stage of a startup’s journey. By leveraging PHDCCI’s vast industry connections and our digital expertise, we are laying the groundwork for unprecedented growth and innovation in India’s startup scene. We envision this collaboration as a catalyst that will not only boost individual startups but also contribute significantly to India’s economic growth and global competitiveness in the digital age.”
The agreement, signed, establishes a multifaceted framework for collaboration. At its core, the partnership seeks to create an environment that fosters independent thinking and cultivates groundbreaking ideas across various sectors of the Indian economy. Both organizations will work in tandem to inspire an ecosystem conducive to innovation and entrepreneurship, including creating platforms for idea exchange, resource sharing, and collaborative problem-solving.
The primary focus of the MoU is to provide hands-on support to startups at critical stages of their development. Special emphasis will be placed on the grooming and ideation phases, with both PHDCCI and ADIF combining their expertise to offer targeted guidance. The partnership will see the joint organization of workshops, training sessions, and seminars designed to enhance the skills of entrepreneurs, provide networking opportunities, and facilitate knowledge transfer from industry experts to emerging startups.
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry