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FIRST MEETING OF NATIONAL STARTUP ADVISORY COUNCIL CONDUCTED

FIRST MEETING OF NATIONAL STARTUP ADVISORY COUNCIL CONDUCTED

Context

Commerce and Industry Minister Piyush Goyal chaired the first meeting of the National Startup Advisory Council.

Details

The Department for Promotion of Industry and Internal Trade had constituted this Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.

 About National Startup Advisory Council

  • National Startup Advisory Council: It was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) in January 2020.
  • Objective: This is to advise the Government on measures needed to build a strong startup ecosystem. The ecosystem will nurture innovation and startups in the country. It will drive sustainable economic growth and generate large scale employment opportunities.
  • Composition:
    • Chairman: Minister for Commerce & Industry.
    • Convener of the Council: Joint Secretary, Department for Promotion of Industry and Internal Trade.
    • Ex-officio Members: Nominees of the concerned Ministries/Departments/Organizations not below the rank of Joint Secretary. 
    • Non-official members to be nominated by the Government from various categories like
  • Founders of successful startups
  • Veterans who have grown and scaled companies in India
  • Persons capable of representing the interests of investors into startups, etc.

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