Commerce and Industry and Railways Minister Piyush Goyal released the results of the second edition of the ranking of states on support for the startup ecosystem today through a virtual function. Minister of State for Commerce and Industry and Minister of State for Civil Aviation, Housing and Urban Affairs (Independent Charge) Hardeep Singh Puri and Minister of State for Commerce and Industry Som Prakash were present on the occasion.
The Department of Industry and Internal Trade Promotion (DPIIT) conducted the second edition of the startup rankings of states to increase competition between states and union territories and to work actively in the context of the startup ecosystem. The program is envisaged as it will develop the capacity of states, encourage states to share their experiences through mutual support and will help in policy formulation and implementation.
The State Startup Ranking Framework 2019 has 7 broad reform areas, with 30 action points. These task points include institutional support, easy compliance, relaxation in public procurement norms, incubation support, seed funding assistance, enterprise grant assistance and awareness and outreach. To establish uniformity and standardization in the ranking process, states and union territories are divided into two groups. All the Union Territories except Delhi and all the states of Northeast except Assam are placed in Category Y. Other states and Union Territory of Delhi are placed in Category X.
A total of 22 states and 3 union territories participated in this process. An evaluation committee consisting of independent experts from the startup ecosystem made a detailed assessment of responses on various parameters. Direct feedback was received from the beneficiaries under several parameters. More than 60,000 calls were made in 11 different languages to the beneficiaries to ascertain the reality at the implementation level.
For the purpose of ranking, states are categorized into 5 categories: Best Performer, Best Performer, Leader, Aspiring Leader and Emerging Startup Ecology. The units in each category are placed in the alphabetical order. States have also been recognized as leaders in 7 reform areas supporting startups. Its results are attached below.
The release of the national report was accompanied by an acclamation ceremony, which highlighted the vision, trajectory, methodology and future roadmap for the ranking process of states. A state-centric report was also released for all 25 participating states, which included the overall ecosystem analysis. It outlined strong and priority areas for the future.
A ‘compilation of good practices’ adopted by various states in support of startups was also released. It identified 166 good practices that could be directly used by states to identify and implement new initiatives.
National reports and specific reports presented for all the participating states and union territories during the session can be downloaded from Startup India portal.
In his address on the occasion, Piyush Goyal said that startups have different thinking and are focused on solutions, which search for new ideas. He said that the Prime Minister has been an admirer and supporter of promoting entrepreneurship, which is important for generating employment, expanding economic activities and prosperity of the people.
The Union Minister said that the Center and States have come together to encourage the spirit of cooperation, participation and competitiveness in Startups, which is an important development. Describing startups as a repository of talent, knowledge and ideas, the Union Minister said that this ranking will help not only the states and union territories but also the entrepreneurs. This will also help in expanding startups and starting new ventures. She also underlined the fact that women entrepreneurs are active in startups and this is an encouraging sign.
The Union Minister expressed happiness over the fact that the States are also working on the lines of Fund of Funds for startups of the Center. He called for the rich (those with more net worth), venture capitalists and other funds to come forward to finance start-up ventures.
The Union Minister suggested startups to come up with imaginative, relevant and innovative products, reengineering and improving processes and keep their ideas focused on the people. He said that the COVID epidemic should not be seen as a problem or challenge, but as an opportunity to re-imagine and reinvigorate India. During COVID, our startups have come up with many good ideas and solutions to many problems facing the country and the world.
Union Minister Puri said that developed societies around the world have developed eco-friendly ecosystem and participatory solutions. He said that a strong startup ecosystem is necessary to make India a $ 5 trillion economy by 2024. He expressed happiness that the thinking of our people is now changing from job seekers to job seekers.
The Minister of State for Commerce and Industry said that the rankings will be encouraged to our young entrepreneurs who have the skills to start their own business and have new ideas. He said that India has become the third major ecosystem in the world.
DPIIT Secretary Dr. Guruprasad Mahapatra said that more than 4 lakh jobs have been created by the startup ecosystem in the country. He said that ranking is an example of cooperative federalism, which will help in capacity building of states.