The ministry of commerce has officially announced the establishment of the National Startup Advisory Council to provide representations to the Indian startup ecosystem during policy-making processes. The council will be led by union minister Piyush Goyal. The Council will 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.
Although the commerce ministry hasn’t finalised on the name of the members yet, the central government will be nominating the members for a period of two years. The council will consist of founders of successful startups, entrepreneurs, representatives from incubators and investors, along with representatives from government departments and regulators that deal with startups.