SME Times News Bureau | 07 Feb, 2018
The government on Tuesday launched three new
tools for States and Union Territories for ranking of startups in the
an event in New Delhi, Union
Minister of Commerce and Industry Suresh
Prabhu launched three tools:
the State and Union Territory Startup Ranking Framework, the
Compendium of Good Practices for Promoting Startups in India and the
Startup India Kit.
key objective of the Startup States and UTs Ranking Framework is to
encourage States and UTs to take proactive steps towards
strengthening the Startup ecosystems at the local level, said
Ranking Framework will measure the impact of each step
initiated at the local level for building a strong Startup ecosystem.
The Ranking Framework will also enable contnuous learning through the
dissemination of good practices," it
is home to about 20,000 startups, with about 1,400 beginning
operations every year.
State and UT Ranking Framework is based on the feedback collected
from Startup ecosystem stakeholders, which include startups, mentors,
investors, accelerators, incubators and the government bodies.
which should be given greater thrust like seed funding support, women
entrepreneurship are given more score.