G20 members working to arrive at a common framework to define startups

G20 member countries, including India and the US, are holding consultations to arrive at a common framework to define startups with a view to promoting the growth of new ventures, a senior official said. This issue among others would come up for discussion during the Startup20 Engagement Group’s third meeting on June 3-4 in Goa.

Briefing media about these meetings under India’s G20 presidency, Startup20 India Chair and Mission Director Atal Innovation Mission, Niti Aayog, Chintan Vaishnav said that it may not be feasible to have a common definition of startups

“The meeting in Goa on June 3-4 will try to come up with a definition framework that is applicable across the countries of G-20,” he told reporters here.