Lynn Johannson, Advisor, Sustainability and ESG
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Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
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Unlocking Opportunities in India: Ontario’s Fintech and Cybersecurity Export Events
Export Events | March 21, 2024
Image: Unsplash/Sithamshu Manoj
Upcoming Fintech and Cybersecurity Export Events 2024/25 - India
The Ontario government has announced two export trade programs aimed at fostering growth and collaboration between Ontario's fintech sector and the burgeoning digital economy of India. Spearheaded by the Ministry of Economic Development, Job Creation and Trade, these events are designed to pave the way for Ontario-based companies in the fintech and cybersecurity sectors to explore and seize growth opportunities in one of the world's fastest-growing digital markets.
1. Webinar: Fintech & Cybersecurity in India
Date: May 15, 2024
The Government of Ontario is holding a webinar to discuss opportunities in India’s fintech and cybersecurity markets, sectors bolstered by more than 750 million Internet users and 600+ million smartphone users. As India embraces a digital economy, cybersecurity threats like identify theft and ransomware have grown, impacting banking, financial services and insurance, critical infrastructure, and e-commerce. The Indian e-commerce market is anticipated to be valued at C$270 billion by 2026, which increases the urgency to address security issues related to digital transactions in the country. The Indian fintech sector, focused on digital lending, digital payments, insurtech, wealthtech, and blockchain, will generate C$257 billion by 2030, with more than 65% of fintech CEOs prioritizing partnerships.
See: Ontario’s FSRA Spearheads Insurance Innovation with Direct Access Model
The program will include the experience of cybersecurity and fintech companies doing business in India, opportunities for Ontario companies to sell technologies to Indian companies and collaborate with stakeholders, advice from industry experts and Ontario government staff on market-entry and growth strategies, and initial details of an Ontario government cybersecurity and fintech export business mission to the Bengaluru Tech Summit in 2024.
Key Highlights:
- Insights into India's fintech sector, projected to reach C$257 billion by 2030.
- Discussion on cybersecurity threats and the increasing need for robust solutions.
- Opportunities for collaboration and technology export to Indian companies.
- Expert advice on market-entry and expansion strategies.
- Preliminary details on the Ontario government's export business mission to the Bengaluru Tech Summit in 2024.
Learn more and Register Here.
2. Ontario Fintech & Cybersecurity Export Business Mission to Bengaluru Tech Summit 2024
Dates: November 19-21, 2024
The Government of Ontario is organizing a Fintech & Cybersecurity Export Business Mission to the Bengaluru Tech Summit in India. As India embraces a digital economy, cybersecurity threats like identity theft and ransomware have grown. Cyber-related crimes have particularly impacted banking, financial services and insurance, critical infrastructure, and e-commerce. The Indian e-commerce market is anticipated to be valued at C$270 billion by 2026. The Indian fintech sector is also expected to experience long-term growth and is focused on digital lending, digital payments, insurtech, wealthtech, and blockchain. Indian fintechs will generate C$257 billion by 2030, with more than 65% of fintech CEOs prioritizing partnerships.
The mission may also be of interest to Ontario SMEs selling ICT products/services beyond fintech and cybersecurity to Indian companies. Mission delegates will have exhibitor space at the 26th edition of the Bengaluru Tech Summit, which features companies involved in IoT, AI & machine learning, AR/VR, fintech, edtech, gaming, biotech, healthtech, medtech, and mobility.
See: What the US Can Learn from India’s UPI Payment Infrastructure
The 2023 show saw the participation of 30+ countries, 600+ exhibitors, 10,000+ business delegates, and 400+ conference speakers. The mission package will include export advice and consultation, exhibiting space in the Ontario booth at the Bengaluru Tech Summit, a customized B2B program and site visits to connect Ontario companies with potential customers and partners, travel to Bengaluru and potentially other cities in India, marketing and promotional support, networking opportunities, and potential conference speaking slots. Mission fees are to be determined.
Mission Highlights:
- The mission is open to Ontario SMEs operating within fintech, cybersecurity, and related ICT sectors, offering a unique chance to tap into India's digital market growth.
- Exhibitor space in the Ontario booth at the 26th Bengaluru Tech Summit.
- Customized B2B programs and site visits in Bengaluru and other Indian cities.
- Comprehensive export advice, marketing support, and networking opportunities.
- Potential for conference speaking slots to showcase Ontario's leadership in fintech and cybersecurity.
Application Deadline: September 20, 2024
For more information or to apply for the mission, please contact Fawzia.Sheikh@ontario.ca or Apply Here.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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