The results of the third edition of Ranking of States on Support to Startup Ecosystems were released by the Ministry of Commerce and Industry on July 4.
key highlights
- The Department for Promotion of Industry and Internal Trade (DPIIT) has been conducting the States’ Start-up Ranking Exercise since 2018 to facilitate the ease of building a start-up and doing business across the country.
- The State Start-up Ranking Exercise aims to support states and union territories in developing their start-up ecosystem and learn from the best practices in each state and union territory.
- The participants were evaluated across 7 broad Reform Areas consisting of 26 Action Points ranging from Institutional Support, Fostering Innovation and Entrepreneurship, Access to Market, Incubation support, Funding Support, Mentorship Support to Capacity Building of Enablers.
- The exercise plays a crucial role in easing the business environment for start-ups in the country.
- For the purposes of the Ranking, States and Union Territories are classified into 5 Categories, viz. Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Start-up Ecosystems.
- Gujarat and Karnataka emerged as the Best Performers in a category of States which included NCT of Delhi.
- Meghalaya won the top honour among UTs and North-eastern (NE) States.
- While Kerala, Maharashtra, Orissa and Telangana got the Top Performers award among states, Jammu & Kashmir emerged as the Top Performer among UTs and NE states.
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