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8,625 Startups Recognised as on 30 March 2018

Capital Market 

As per the data available with Startup India, a total of 8,625 Start-ups have been recognised as on 30 March, 2018. 2711 start-ups where incorporated in 2017-18. Department of Industrial Policy and Promotion (DIPP) has issued detailed norms to assess the performance of States in promoting Startups on 6th February this year.

This initiative will help bring to fore progress made by the States and Union Territories for promoting Startup ecosystem, foster competitiveness and propel them to work proactively to identify, learn and replicate good practices.

The 'State Startup Ranking Framework' is spread across 7 areas of interventions with a total of 38 action points and overall score of 100 marks. The areas of interventions include Startup policy and implementation, incubation support, seed funding support, venture funding support, simplified regulations, ease of public procurement and awareness and outreach.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 04 2018. 16:06 IST
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