NITI Aayog sets up expert panel on promoting innovation

NITI Aayog has constituted an expert panel to suggest ways to promote innovation and entrepreneur friendly ecosystem for pushing job growth, Parliament was informed on Friday. The group will also workout the detailed contours of Atal Innovation Mission (AIM) and Self-Employment & Talent Utilisation (SETU), Planning Minister Rao Inderjit Singh said in a written reply in Lok Sabha on Friday. "NITI Aayog has constituted an Expert Committee under the Chairmanship of Prof Tarun Khanna, Director, South Asia Institute, Harvard University and Jorge Paulo Lemann Professor, Harvard Business School, USA," he added.

According to the term of reference for the panel, it is set up to review the existing initiatives aimed at promoting innovation and entrepreneurship in India, especially those efforts that result in widespread job growth and the creation of globally competitive enterprises. It will make short- and medium-term recommendations for actionable policy initiatives aimed at creating an innovation and entrepreneur friendly ecosystem including such elements as creation of world class innovation hubs and digital SMEs and innovation driven entrepreneurship in such sectors as education and health. Besides it will also address any other related issues with innovation and job creation.

The Expert Committee is expected to submit its report in August.