Union minister Piyush Goyal, while addressing a gathering during a visit to the Science and Technology Park at the Savitribai Phule Pune University, said, “Allowing entrepreneurs to operate with less amount of government interference or involvement will help them come up with cost-effective and affordable solutions, and to improve their quality and designs. Crutches only help them in the short run. If we really want to let this ecosystem grow and go to great lengths, then we have to let it work on its own.”

He further said that the government can play the role of a facilitator. "If I take the list of unicorns, almost none of them have taken government's support to become unicorns...Government can play a role in reducing taxes. We have reduced the charges for startups and women entrepreneurs in patent filing, etc. Government can be a good facilitator," he said.

“Industry, academia and research will take the country forward. In terms of unicorns also India has done extremely well with 79 such setups. Every time I give a presentation, their number changes. Pune also has four unicorns, which is something to be proud of with many more in the making,” Goyal added, saying that Pune has a unique position in the field of IT, industries and educational institutions.

According to Goyal, almost 46 percent of start-ups registered with the DPIIT (Department for Promotion of Industry and Internal Trade) have women entrepreneurs. It is the enterprising spirit of the young boys and girls and entrepreneurs that truly defines success, he said.