Union Minister of Commerce & Industry chaired the first meeting of National Startup Advisory Council(NSAC) on 15th April 2021 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.
About National Startup Advisory Council(NSAC)
Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the National Startup Advisory Council(NSAC). The National Startup Advisory Council will be chaired by Minster for Commerce & Industry. The Council will consist of the non-official members, to be nominated by Central Government, from various categories like founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interests of investors into startups, persons capable of representing interests of incubators and accelerators and representatives of associations of stakeholders of startups and representatives of industry associations. The term of the non-official members of the Startup Advisory Council will be for a period of two years.