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Last updated: 20 Feb, 2019  

start-button-genericTHMB Second edition of states' ranking on startup initiatives launched

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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.

 
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