The Commerce and Industry Ministry on Wednesday said it has started the exercise to rank states and union territories for 2019, based on initiatives taken for start-ups.
The exercise aims to evaluate measures taken by states/ UTs to boot the start-up ecosystem during the period from May 1, 2018 to June 30, 2019, the Ministry said.
“The ranking framework comprises seven pillars and 30 action points,” it said in a statement.
The pillars will assess the efforts of states/ UTs across institutional support, simplifying regulations, easing public procurement, incubation, seed funding, venture funding and awareness and outreach-related activities.
“The start-up ranking framework aims to rank states/ UTs in order to establish a robust ecosystem to support start-ups. The framework also encourages states and UTs to identify, learn and replicate good practices from each other,” it added.
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry, has prepared the framework after several rounds of consultations.
It said the framework has evolved distinctly as compared to last year, with major emphasis on collecting feedback from start-ups and other important stakeholders.
“As part of the 2019 exercise, DPIIT will recognise innovative start-up programmes and initiatives from state/UT governments,” it said.
Till date, 25 states and UTs have launched dedicated start-up policies to incentivise budding entrepreneurs in their jurisdiction.
“The start-up ranking 2019 is expected to take forward the start-up ecosystem in the country and give an impetus to the vision of India becoming a start-up nation,” it said.
In 2018, Gujarat emerged as the best performer in developing the start-up ecosystem for budding entrepreneurs.
Source: The Hindu