Chanakya National Law University (CNLU) hosted CATALYST: Startup Law & Policy Summit 2024.
The summit CATALYST focused on road map way for Innovation & Growth in the intersection of law for Startup Eco System
Dr. Md Safiullah chief secretary of the event said that the objectives of the summit are to bring together legal experts, policymakers, entrepreneurs, investors, and academicians to discuss the intersection of law, policy, and the startup ecosystem.
The event focused on to understand how regulation and policies impact startups and explore way to create a more supportive legal environment for innovation and growth.
The Chief Guest Shri C.S.S. Rao (I.E.D.S), Joint Director, MSME Patna said by prioritizing data protection, startups can build trust with their customers and position themselves as leaders in their respective industries.
The panelists for this summit were top-notch law firm experts who worked in policy making in the government of India.
Key Discussion points:
The panel discussions included the topic of risks to investors, and why 80% of startups failed in India in its initial stage.
The challenges of high taxation and interest rates in India. The panel emphasized the importance of research and development, the abolishment of the Angel Tax, and its future implications.
They also discussed the implementation of regulatory sandboxes by sector regulators and the government, noting that such frameworks already exist in India.
Key focus of the summit:
- Over 80+ research articles were received on startup law & policy issues.
- The top 15 research papers were selected for publication, and the top four papers were invited for presentation.
- Aditya Hiremath from Hidayatullah National Law University, Raipur was declared as Winner and Smeet Sanghvi and Sashank Sarvanan (Gujarat National Law University) emerged as runner-up.
- The Winner and Runner Ups were awarded with cash prize of Rs. 30,000 & Rs. 20,000 respectively.
- Certificate, internship opportunity with Nishith Desai & Associates, and the opportunity to publish their paper in a reputed Book Bearing ISBN number were also scheme of the competition.
- The outcome of this summit will be compiled and a policy draft will be submitted to the government of Bihar.
Prof. (Dr.) S.P. Singh, Registrar of CNLU, emphasized the summit’s critical role in addressing contemporary challenges faced by startups, particularly in areas such as AI, insurance, and emerging technologies.
The Summit was accomplished under the leadership of a student body comprising Manvee (Convenor), Vincy Chanchal (Secretary), Arya Gupta (Co-Convenor) and Aarya Gurjar (Co-Secretary) of the Center.
