Ranking Of States: 2019, On Support to Startup Ecosystems

admin September 11, 2020 Daily Current Affairs

The Department for Promotion of Industry and Internal Trade (DPIIT) conducted the second edition of the States’ Startup Ranking Exercise,
- With the key objective to foster competitiveness and propel States and Union Territories to work proactively towards uplifting the startup ecosystem.
It has been implemented as a capacity development exercise to encourage mutual learning among all states and to provide support in policy formulation and implementation.
A total of 22 States and 3 Union Territories participated in the exercise.
For the purposes of Ranking, States are classified into 5 Categories: Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Startup Ecosystems.
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.