states-startup-ranking-exercise-2019-th

Context: The Results of the second edition of Ranking of States on Support to Startup Ecosystems were released by Minister of Commerce & Industry.

Analysis

  • The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, conducted the second edition of the States’ Startup Ranking Exercise.
  • Its key objective is to foster competitiveness and propel States and Union Territories to work proactively towards uplifting the startup ecosystem. 
  • The States’ Startup Ranking Framework 2019 has 7 broad reform area, consisting of 30 action points ranging from:
  • Institutional Support, 
  • Easing Compliances, 
  • Relaxation in Public Procurement norms, 
  • Incubation support, 
  • Seed Funding Support, 
  • Venture Funding Support, and 
  • Awareness & Outreach. 
  • To establish uniformity and ensure standardization in the ranking process, States and UTs have been divided into two different groups.
  • For the purposes of Ranking, States are classified into 5 Categories: Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Startup Ecosystems. 

Gujarat has again emerged as the best performer in developing start-up ecosystem for budding entrepreneurs.