Start-up rankings for states: DPIIT extends deadline for responses to Sep 30

Image
Press Trust of India New Delhi
Last Updated : Jun 10 2019 | 9:05 PM IST

The Commerce and Industry Ministry will now consider measures taken by states and union territories (UTs) till September 30 this year for ranking them based on initiatives taken to strengthen their start-up ecosystems.

Earlier, the Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry, had stated that it would consider measures taken by states and UTs during May 1, 2018 to June 30, 2019, for ranking purpose.

"To further encourage states and UTs to strengthen their start up ecosystems, @DIPPGOI launched the framework for #StatesStartupRanking2019 on 19 Feb, 2019. Based on the request of various state govts, the deadline for responses is extended by 3 months i.e. upto 30th September," DPIIT Secretary Ramesh Abhishek said in a series of tweets.

He said there shall be no further extension of the deadline, and feedback and evaluation would start immediately after September 30.

"We expect an enthusiastic participation from all states and UTs to help create a robust ecosystem for start ups in the country!," Abhishek said.

The department conducted the first ever such ranking exercise in 2018 to encourage states and UTs to take proactive steps towards strengthening the start-up ecosystems within their jurisdictions, he said.

27 states and three UTs participated in the first exercise. Gujarat had emerged as the best performer in developing start-up ecosystem for budding entrepreneurs last year.

"The exercise was an enriching and educating experience for all participants. Awareness Workshops in all states, knowledge workshops in incubators, pairing of states for mentoring and international exposure visits, helped many states initiate effective measures to support start ups," he said.

The ranking framework comprises seven pillars and 30 action points.

The pillars will assess the efforts across institutional support, simplifying regulations, easing public procurement, incubation, seed funding, venture funding and awareness and outreach-related activities.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 10 2019 | 9:05 PM IST

Next Story