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BRICS Leaders Set to Fine-Tune Incubator Network, Startup Fund, Supply Chain Cooperation Framework

Leaders set to fine-tune incubator network, startup fund, supply chain cooperation framework
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentSustainable Development

Source: The Indian Express | Original Published At: 2026-09-10 22:07:09 UTC

Key Points

  • BRICS leaders are set to discuss the BRICS Incubator Network, a digital interface linking national nodal agencies, selected incubators and startups across BRICS countries.
  • The incubator network is intended to facilitate registration, linkages and referral of qualified startups to incubators in other BRICS countries.
  • The BRICS Startup Innovation Fund aims to catalyse financing for early-stage and growth-stage startups and foster innovation-driven entrepreneurship.
  • The BRICS Logistics Supply-Chain Cooperation Framework is described as voluntary and consensus-based, focusing on cross-sector transport logistics resilience and sustainability.
  • The framework promotes technical exchange, knowledge sharing on cargo and shipping services, localised assembly and manufacturing ecosystems, capacity-building and climate-resilient logistics practices.
  • The supply-chain cooperation effort is linked to uncertainty in goods movement caused by the partial closure of the Strait of Hormuz.
  • The discussions involve BRICS member states and partner countries, including Malaysia, Kazakhstan and Vietnam, as well as international organizations and the New Development Bank.
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