Important Facts For Prelims
States’ Startup Ranking 2021
- 05 Jul 2022
- 3 min read
Why in News?
The results of the 3rd edition of Ranking of States on Support to Startup Ecosystems were released by the Ministry of Commerce and Industry.
- Earlier, the Ministry of Commerce and Industry released a Ease of Doing Business (EoDB) Ranking, which is based on Business Reforms Action Plan (BRAP) report 2020.
What is States’ Startup Ranking?
- About:
- The Start-up India initiative of the Government of India envisages to build a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs.
- The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has been conducting the States’ Start-up Ranking Exercise since 2018.
- The exercise plays a crucial role in easing the business environment for start-ups in the country.
- The Start-up India initiative of the Government of India envisages to build a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs.
- Objectives:
- Help bring to fore progress made by the States/ UTs for promoting Startup ecosystem.
- Foster competitiveness & propel the States/ UTs to work proactively.
- Facilitate States/ UTs to identify, learn and replicate good practices.
- Classification: States and Union Territories are classified into 5 Categories,
- Best Performers
- Top Performers
- Leaders
- Aspiring Leaders
- Emerging Start-up Ecosystems.
How about the Rankings 2021?
- 7 broad Reform Areas:
- The participants were evaluated across 7 broad Reform Areas consisting of 26 Action Points ranging from,
- Institutional Support
- Fostering Innovation and Entrepreneurship
- Access to Market
- Incubation support
- Funding Support
- Mentorship Support to Capacity Building of Enablers.
- The participants were evaluated across 7 broad Reform Areas consisting of 26 Action Points ranging from,
- Result:
- Gujarat and Karnataka appeared as the Best Performers in the States category.
- Meghalaya top among UTs and North-eastern States category.
- 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.
- Gujarat and Karnataka appeared as the Best Performers in the States category.
