January 2021 – Krishna Kumar, CEO and Founder of CropIn, has been nominated as one of the non-official members of the National Startup Advisory Council set up by the Central Government of India. The term of the Non-official Members of the Startup Advisory Council shall be for a period of two years or until any further change, whichever earlier.
The National Startup Advisory Council is an elite council representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing the interest of investors into startups, persons capable of representing interests of incubators and accelerators, representatives of associations of stakeholders of startups and representatives of industry associations.
The Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the ‘National Startup Advisory Council’ 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 is created to:
- Promote innovation in all sectors of the economy across the country, including semi-urban and rural areas amongst citizens and students in particular;
- Support creative and innovative ideas through incubation and research and development to transform them into valuable products, processes or solutions to improve productivity and efficiency;
- Create an environment of absorption of innovation in industry;
- Facilitate public organizations to assimilate innovation with a view to improving public service delivery;
- Promote creation, protection and commercialization of intellectual property rights;
- Make it easier to start, operate, grow and exit businesses by reducing regulatory compliances and costs;
- Promote ease of access to capital for startups;
- Incentivize domestic capital for investments into startups;
- Mobilize global capital for investments in Indian startups;
- Keep control of startups with original promoters
- Provide access to global markets for Indian startups
Krishna Kumar was quoted speaking about the nomination, “I am extremely delighted and honoured to be a part of this prestigious council. I shall, to my best of efforts and knowledge, contribute towards fostering a culture of innovation amongst all sectors of my expertise. I am excited to be a part of such a group of esteemed achievers and philanthropists and we shall collectively create an environment of growth in the Indian startup sector.”
