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Source: The post is based on the article “States Startup Ranking 2021: Results of Ranking of States Exercise 2021 on support to Start-up Ecosystems declared” published in PIB on 4th July 2022.
What is the News?
The 3rd edition of the State Startup Ranking was released by the Ministry of Commerce and Industry.
What is State Startup Ranking?
Conducted by: Department for Promotion of Industry and Internal Trade (DPIIT) since 2018.
Aim: To support states and union territories in developing their start-up ecosystem and learn from the best practices in each state and union territory.
Parameters: The states were evaluated across 7 broad Reform Areas ranging from 1) Institutional Support, 2) Fostering Innovation and Entrepreneurship, 3) Access to Market, 4) Incubation support, 5) Funding Support, 6) Mentorship Support and 7) Capacity Building of Enablers.
Classification: For the purposes of the Ranking, States and Union Territories are classified into 5 categories: 1) Best Performers, 2) Top Performers, 3) Leaders, 4) Aspiring Leaders and 5) Emerging Start-up Ecosystems.
What are the key takeaways from State Startup Ranking 2021?
Best Performers: Gujarat and Karnataka appeared as the Best Performers in the States category. Meghalaya topped among UTs and North-eastern States category.
Top Performers: Kerala, Maharashtra, Orissa and Telangana won the Top Performers award among states category. Jammu and Kashmir appeared as the Top Performer among UTs and NE states category.
