Goyal launches initiative to connect Indian startups with US investors

Commerce and industry minister Piyush Goyal has launched an initiative -- SETU (Supporting Entrepreneurs in Transformation and Upskilling) -- here to connect startups in India to US-based investors.

SETU is designed to break the geographical barriers between mentors based in the US that are willing to invest in entrepreneurship and sunrise startups in India.

The programme was launched during an interaction focused on specific issues related to the startup ecosystem in India.

The meeting focused on ways to encourage domestic incorporation and mentorship of early-stage Indian startups by successful diaspora members in the Bay Area of San Francisco.

The initiative would connect startups in India to US-based investors and startup ecosystem leaders with mentorship and assistance in various areas, including funding, market access and commercialisation.

The interaction between the stakeholders will be supported through the mentorship portal under the Startup India initiative MAARG ...