1st meeting of National Startup Advisory Council (NSAC)

1st meeting of National Startup Advisory Council (NSAC)

Part of: GS Prelims and GS-III – Economy; Start up

In news

• Minister of Commerce & Industry chaired the first meeting of National Startup Advisory Council (NSAC).

Important value additions 

National Startup Advisory Council

• Constituted by: Department for Promotion of Industry and Internal Trade (DPIIT) 
• Objective: 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.
• The council has representations from various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interest of investors into startups, and representatives from industry associations.