Breaking NewsIndian BeehiveNews

Centre to release ranking of states on support to Startup Ecosystem

New Delhi: The results of the second edition of Ranking of States on Support to Startup Ecosystems will be released on Friday.

The results will be released by Communications and Electronics & Information Technology Minister Ravishankar Prasad through a virtual felicitation ceremony, where Commerce & Industry Minister Piyush Goyal and Housing and Urban Affairs Minister Hardeep Singh Puri will be present among others.

Results of the ranking exercise will be via video conferencing with Ministers and senior government officials joining from all participating States and UTs.

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 seven 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 for 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 three Union Territories participated in the exercise, according to a statement here on Thursday.


Related Articles

Leave a Reply

Back to top button