G20 Innovation League Unveiled By Italy

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19 October 2021 Current Affairs:The G20 Innovation League was disclosed under the Italian Presidency to create a sustainable future.  

♦ This new Initiative was designed to run innovative projects to create a sustainable future.
♦ This will bring in innovative startups from the G20 countries and investments and institutions to develop and collaborate on innovative sustainable business projects.
♦ The event happened in Sorrento, Italy, with the support of the Ministry of Foreign Affairs & International Cooperation of Italy, Ministry of Economic Development of Italy and Ministry of Technological Innovation & Digital Transition of Italy.
♦ Italian Foreign Minister Luigi Di Maio inaugurated it, and the G20 Summit in Rome on October 30-31 is also hosted by Italy.
♦ this initiative aims to encourage new international investments and strengthen cooperation among the public & private actors on innovation.
♦ These startups will present their projects and will be evaluated by taking part in 5 challenges.
♦ Startups will be nominated by the G20 countries in the first stage, and 100 startups will be evaluated in the second stage.

Five Challenges:
♦ Clean technology
♦ Artificial Intelligence
♦ Smart Cities & New Mobility
♦ IoT Technology & Wearable Devices 
♦ The Future of Healthcare.

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