New Delhi: The Centre will release the results of the second edition of Ranking of States on Support to Startup Ecosystems at 3PM, September 11 through a virtual felicitation ceremony.
The Department for Promotion of Industry and Internal Trade (DPIIT) conducted the second edition of the States’ Startup Ranking Exercise with the key objective to foster competitiveness and propel States and Union Territories to work proactively towards uplifting the startup ecosystem. It has been envisioned as a capacity development exercise to encourage mutual learning among all states and to provide support in policy formulation and implementation.
The States’ Startup Ranking Framework 2019 has 7 broad reform areas consisting of 30 action points ranging from Institutional Support, Easing Compliances, Relaxation in Public Procurement norms, Incubation support, Seed Funding Support, Venture Funding Support, and Awareness & Outreach. To establish uniformity and ensure standardization in the ranking process, States and UTs have been divided into two groups. While UTs except Delhi, and all States in North East India, except Assam are in one group, all other states are placed in the other group.
A total of 22 States and 3 Union Territories participated in the exercise.