Goyal calls for creation of int'l network of mentors, investors, entrepreneurs to strengthen global start-up ecosystem

Hyderabad, Jan 28 (PTI) Union Minister for Commerce and Industry Piyush Goyal on Saturday called for the creation of an international network of mentors, investors and entrepreneurs to strengthen the global start-up ecosystem.

In a video address to the Inception Meeting of the Start-up 20 Engagement Group of G20 here, he said this network must support and inspire start-ups, act as a team to facilitate exchange of ideas, best practices and funding mechanisms and promote collaborations in research and development.

He said it is not just the role of individual nations to support innovation and added that it will have to be the collective responsibility of world nations to nurture a global effort to incubate start-up ecosystems in all parts of the world.