Goyal chairs first meeting of National Startup Advisory Council

Commerce and Industry Minister Piyush Goyal on Thursday chaired the first meeting of the National Startup Advisory Council and called upon successful entrepreneurs to share their knowledge, experience and ideas with students and youth.

The council was constituted 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 minister stressed on the need to sow the seeds of entrepreneurship at school level to encourage students to innovate, as per an official statement.

He also called upon the ''successful entrepreneurs to take initiative to share their knowledge, experience, ideas and mentor students and youth''.

According to him, there are innovative ideas with people in rural India, and Tier II and III towns, waiting to be harnessed.

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.