{"id":224473,"date":"2020-01-23T17:00:58","date_gmt":"2020-01-23T11:30:58","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=224473"},"modified":"2020-01-23T15:16:55","modified_gmt":"2020-01-23T09:46:55","slug":"central-govt-constitutes-national-startup-advisory-council-to-build-a-strong-ecosystem-for-nurturing-innovation-and-startups","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/23\/central-govt-constitutes-national-startup-advisory-council-to-build-a-strong-ecosystem-for-nurturing-innovation-and-startups\/","title":{"rendered":"Central Govt. constitutes — National Startup Advisory Council | To build a strong ecosystem for nurturing innovation and startups"},"content":{"rendered":"
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The Central Government hereby constitutes the \u2018National Startup Advisory Council<\/strong><\/span>\u2019 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 shall, inter alia, suggest measures to:<\/p>\n

(i) \u00a0Foster a culture of innovation amongst citizens and students in particular;<\/p>\n

(ii) \u00a0Promote innovation in all sectors of the economy across the country, including semi-urban and rural areas<\/p>\n

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(iii) \u00a0Support creative and innovative ideas through incubation and research and development to transform them into valuable products, processes or solutions to improve productivity and efficiency;<\/p>\n

(iv) \u00a0Create an environment of absorption of innovation in industry;<\/p>\n

(v) \u00a0Facilitate public organizations to assimilate innovation with a view to improving public service delivery;<\/p>\n

(vi) \u00a0Promote creation, protection and commercialization of intellectual property rights;<\/p>\n

(vii) \u00a0Make it easier to start, operate, grow and exit businesses by reducing regulatory compliances and costs;<\/p>\n

(viii) \u00a0Promote ease of access to capital for startups;<\/p>\n

(ix) \u00a0Incentivize domestic capital for investments into startups;<\/p>\n

(x) \u00a0Mobilize global capital for investments in Indian startups;<\/p>\n

(xi) \u00a0Keep control of startups with original promoters.<\/p>\n

(xii) \u00a0Provide access to global markets for Indian startups.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

2. The National Startup Advisory Council shall be chaired by Minister for Commerce & Industry, Government of India.<\/p>\n

*Refer to the detailed Notification here:<\/strong><\/span> National Startup Advisory Council<\/a><\/p>\n

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Ministry of Commerce and Industry<\/strong><\/p>\n

[Notification dt. 21-01-2020]<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Central Government hereby constitutes the \u2018National Startup Advisory Council\u2019 to advise the Government on measures needed to build a strong ecosystem <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1193],"tags":[39313],"class_list":["post-224473","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-national-startup-advisory-council"],"yoast_head":"\nCentral Govt. constitutes -- National Startup Advisory Council | To build a strong ecosystem for nurturing innovation and startups | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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