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States’ Startup Ranking 2018
The Department of Industrial Policy and Promotion (DIPP) announced the results of the first-ever States’ Start-up Ranking 2018 in New Delhi.
Why States are ranked?
DIPP began this exercise from January 2016:
1. To encourage States and Union Territories to take proactive steps towards strengthening the Start-up ecosystems in their states.
2. To create a healthy competition among States to further learn, share and adopt good practices.
3. To unleash youth potential.
4. For capacity development and to further the spirit of cooperative federalism.
What are the various categories to identify leader states?
1. Start-up policy leaders,
2. incubation hubs,
3. seeding innovation,
4. scaling innovation,
5. regulatory change champions,
6. procurement leaders,
7. communication champions,
8. North-Eastern leader, and
9. hill state leader.
Which are the effective measures taken by different states to support Start-ups?
1. awareness workshops in all States
2. knowledge workshops in leading incubators
3. pairing of States for intensive mentoring
4. international exposure visits to US and Israel
5. intensive engagement between the States with Start-up India team
How states are ranked?
Seven pillars (parameters) with 38 pointers are used to rank the states. They are:
1. Start-up policy and implementation
2. Incubation support
3. Seed funding support
4. Funding support- Angel and Venture funding support
5. Simplified regulations
6. Easing public procurement
7. Awareness and outreach
Who has performed well?
Gujarat has been named as the Best Performer. States in other categories are:
Top Performers- Karnataka, Kerala, Odisha, and Rajasthan
Leaders- Andhra Pradesh, Bihar, Chhattisgarh, Madhya Pradesh, and Telangana
Aspiring Leaders- Haryana, Himachal Pradesh, Jharkhand, Uttar Pradesh, and West Bengal
Emerging States- Assam, Delhi, Goa, Jammu & Kashmir, Maharashtra, Punjab, Tamil Nadu, and Uttarakhand
Beginners- Chandigarh, Manipur, Mizoram, Nagaland, Puducherry, Sikkim, and Tripura