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Showing posts with the label NITI Aayog

'Start-ups, incubators an urban phenomenon' too nascent in India: Panel

Concepts such as incubation, early stage start-ups and others are at a nascent stage in India and mostly confined to urban areas and much can be done to strengthen their scale, scope and efficiency, said a report of the expert committee on Innovation and Entrepreneurship. The committee, headed by noted academician Tarun Khanna, comprises eminent persons from India Inc and experts. It was constituted under the NITI Aayog. In the report, which was made public a few days ago, the panel said a survey commissioned by it showed that approximately 50 per cent of respondents feel the need to improve formal networking within their sector through associations, and to enhance their ability to work cooperatively with the government. "Approximately 60 per cent of the respondents stated that access to global markets needed to be strengthened - another area where incubators can help. Surveys also highlight that widespread investment, rather than focused investment in urban are