Current Affair Diary 20/10/2020

SCO Startup Forum

✓The first-ever SCO Startup Forum will be launched on 27th October 2020.

✓The forum will lay the foundation for multilateral cooperation and engagement among the Shanghai Cooperation Organisation (SCO) Member States.

✓Objective: To develop and improve startup ecosystems collectively.

✓The Forum shall identify areas of cooperation by launching multiple entrepreneurial activities like startup showcases through a dedicated virtual platform, mobilizing capital for startups, sharing of best practices, procuring social innovations etc.

✓ Innovation and Startups will be the key focus area of SCO Heads of Government meeting on 30th November 2020 to be hosted by India.

✓SCO or Shanghai Pact is a Eurasian political, economic, and security alliance.

✓Its formation was announced on 15 June 2001 in Shanghai, China by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.

✓Current Members: China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, India and Pakistan

✓Headquarters: Beijing, China



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