30 States and UTs participate in state startup ranking framework
16/05/2018 09:35

With the aim to foster competitiveness and to propel the States and Union Territories to work proactively towards promotion of their Startup eco-systems, the States Startup Ranking Framework was launched by Department of Industrial Policy and Promotion (DIPP) on 6th February 2018. This was also targeted at facilitating States/UTs to identify, learn and replicate good practices from each other and for bringing to fore, their own progress in the regard.

As a run-up to this, DIPP actively engaged with State and UT Governments over the past several weeks to help them prepare and participate in the States Startup Ranking exercise. Two rounds of video conferences were organised by DIPP with all the States and UTs in the month of March and April 2018. A dedicated team from DIPP also visited all States and UTs to conduct ranking awareness and capacity building workshop. In order to provide exposure to State/UT officials about the process of developing Startup ecosystem in their respective regions, 3 knowledge exchange workshops were conducted at leading incubators in the country.

The workshops were organised at T-Hub, Hyderabad on 9th April, 2018, iCreate, Ahmedabad on 11th April, 2018 and Sunrise Incubation Tower, Vishakhapatnam on 16th April, 2018. There was a lot of enthusiasm shown by the States and Union Territories in these workshops which were attended in large numbers.

States and UTs have participated enthusiastically in this first ever State Startup Ranking exercise. A total of 30 States and UTs have participated in this exercise whose last date for submission of documents was 30th April. It is encouraging to note enthusiastic participation from majority of north-eastern and hill States as well, where the Startup ecosystem is still nascent.

The participating States and UTs shall now be evaluated on a score of 100, against 38 action points categorized into 7 areas of intervention such as Startup Policy and implementation, Incubation support, Seed Funding, Angel and Venture Funding, Simplification of Regulations, Easing Public Procurement and Awareness & Outreach.

In order to evaluate States/UTs in a balanced and transparent manner, the assessment will be based on the aggregate score of the documentary proofs substantiating the implementation of action points by the State/ UT Government and also feedback from Startup ecosystem beneficiaries/components (to be picked up randomly from the list of beneficiaries/components that the state itself provides).

The launch of the ranking framework has galvanized the States into action, thereby giving impetus to the Startup movement across the country.