States’ Startup Ranking Exercise 2019

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:

  1. Institutional Support,
  2. Easing Compliances,
  3. Relaxation in Public Procurement norms,
  4. Incubation support,
  5. Seed Funding Support,
  6. Venture Funding Support, and
  7. 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.

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