SME Times News Bureau | 20 Feb, 2019
The Department for Promotion of Industry and Internal
Trade (DPIIT) on Tuesday released second edition of Startup Ranking for 2019.
27 States and 3 Union Territories participated in
the first edition of States’ Startup Ranking in 2018.
The Startup Ranking framework aims to rank the
States/UTs for establishing a robust ecosystem for supporting Startups.
The framework also encourages States and UTs to
identify, learn and replicate good practices from each other.
The Ranking Framework 2019 comprises of 7 pillars
and 30 action points. The pillars will assess States’/UTs efforts across institutional
support, simplifying regulations, easing public procurement, incubation
support, seed funding support, venture funding support and awareness and
outreach related activities.
The ranking exercise aims to evaluate measures
taken by States/UTs during the assessment period from May 1, 2018 to June 30,
2019.
DPIIT has prepared the framework after several
rounds of consultation with State and UT Governments.
The framework has evolved distinctly as compared to
last year with major emphasis on collecting feedback from Startups and other
important stakeholders from the Startup ecosystem.