To promote innovation and entrepreneurship, NITI Aayog consults experts and stakeholders

As part of its efforts to promote innovation and entrepreneurship, NITI Aayog held consultations with top officials of various departments and ministries. The Aayog will today hold broader consultations with the stakeholders in the innovation and entrepreneurship space.

During the meeting presided over by NITI Aayog Vice-Chairman Arvind Panagariya, the officials discussed initiatives to promote innovation and entrepreneurship. Among others who attended the meeting were NITI Aayog member V K Saraswat and members of the Expert Committee on Innovation and Entrepreneurship.

The meeting took place against the backdrop of announcement of establishment of Atal Innovation Mission (AIM) and Self-Employment and Talent Utilization (SETU) under the NITI Aayog by the Finance Minister in his Budget speech for 2015-16. In order to take these initiatives forward, the NITI Aayog had set up an Expert Committee, Chaired by Professor Tarun Khanna, Director, South Asia Institute, Harvard University and Jorge Paulo Lemann Professor, Harvard Business School on April 21, 2015.

According to PTI, In the first meeting of the Expert Committee on May 1, 2015, a decision was taken to hold discussions with selected ministries, departments and other stakeholders who have taken initiatives to promote innovation/entrepreneurship. The veterans, industry leaders and heads of prominent incubators, representatives of Industry associations, sector specific experts, service sector representatives, venture funding agencies, educational institutions and representatives of States will join the consultation process tomorrow.

It is expected that the deliberations will give a fillip to the initiatives to promote innovation/ entrepreneurship across the country, the statement said.

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