Ranking of States on Support to Startup Ecosystems

In News: The results of the third edition of Ranking of States on Support to Startup Ecosystems were released

• 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.
• 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.
• Delhi and 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.
• 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 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.

Source: Pib.Gov

Financial Express