States' Startup Ranking 2021 - Aspirant Learning

States’ Startup Ranking 2021 was recently released by the Union Minister for Commerce and Industry, Textiles and Consumer Affairs.

The Department for Promotion of Industry and Internal Trade (DPIIT) launched the State Startup Ranking Framework in 2018
Aim: To encourage states and Union territories to work towards easing regulations for the growth of startups and strengthening the support to the startup ecosystem.
Significance
- States’ Startup Ranking helps in promoting India’s vision of competitive and cooperative federalism.
Categorization of States and UT’s
- Category A includes States and UT’s with a population of more than 1 crore
- Category B includes States and UT’s satisfying the criteria of
  1. All states/UTs with a population of less than 1 crore
  2. All UTs except Delhi
  3. All North-eastern States except Assam
Parameters of Ranking
- Participants are evaluated across 7 broad Reform Areas consisting of 26 Action Points like
  1. Institutional Support,
  2. Fostering Innovation and Entrepreneurship,
  3. Access to Market,
  4. Incubation support,
  5. Funding Support,
  6. Mentorship Support,
  7. Capacity Building of Enablers.

Categorization of Ranks
- States’ Startup Ranking, States and Union Territories are classified into 5 Categories
  1. Best Performers
  2. Top Performers
  3. Leaders
  4. Aspiring Leaders and
  5. Emerging Start-up Ecosystems.

Gujarat and Karnataka appeared as the Best Performers in the States category.
- Gujarat has been judged as the ‘Best Performer State’ for the third time in a row in the Ranking
- The state was also adjudged ‘Best Performer State’ for 2019 and 2020.

Telangana, Kerala, Maharashtra and Odisha won the Top Performers award among states category.
Meghalaya tops among UTs and North-eastern States category.
Jammu and Kashmir appeared as the Top Performer among UTs and NE states category.

Pic Courtesy: freepik

Content Source: New Indian Express

States’ Startup Ranking 2021