Calling upon stakeholders in the innovation ecosystem to strive to take India to the top 25 in the Global Innovation Index, Commerce and Industry Minister Piyush Goyal has said that startups can play a key role to socialise and democratise the availability of healthcare across the globe at a time when the world is grappling with the coronavirus pandemic.
Goyal also said that entrepreneurs should also focus on strengthening the make in India programme, innovating in India and mentoring young startups. The minister said that venture capitalists and financers can also play a key role in mentoring young startups across the country particularly in Tier 2 and 3 towns.
Further, Goyal highlighted several steps taken by the government to encourage startups, including a reduction in patent filing fees, relaxation in the public procurement norms, fund of funds, and seed fund scheme. He also added that during 2018-21, startups have created over six lakh jobs and this number is growing by the day.
