In News
- The Minister of Commerce and Industry chaired the 4th meeting of National Startup Advisory Council (NSAC) in New Delhi.
National Startup Advisory Council (NSAC)
- About:
- It was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) to advise the government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.
- Composition:
- Chairman: Minister for Commerce & Industry.
- Ex-officio Members: Nominees of the concerned Ministries/Departments/Organisations not below the rank of Joint Secretary.
- Besides the ex-officio members, the council has non-official members, representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India
- Functions:
- It will suggest measures to foster a culture of innovation amongst citizens and students, in particular, promote innovation in all sectors of the economy across the country.
- It is a one of its kind congregation wherein the policy making process is driven as part of collaboration between all the key stakeholders of the Startup ecosystem.
Source:PIB
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