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STATE START-UP RANKING - REPORTS AND INDICES

Published 17 Jan 2024. Access the PDF directly or read the stored explanation below.

UPSC English 17 Jan 2024

STATE START-UP RANKING - REPORTS AND INDICES

News: Startup Ranking 2022: Karnataka, TN, Kerala best performers

 

What's in the news?

●       Karnataka, Kerala and Tamil Nadu lead the State Startup Ranking 2022 as Best Performers, the top category in the ranking.

●       The ranking was released by the Union Ministry of Commerce and Industry.

 

Key takeaways:

●       Tamil Nadu has consistently improved its position from 2018, and Kerala also emerged as the Best Performer after being in the second best rank for three straight years.

●       Karnataka has been in the top spot for a second consecutive year.

 

Focus Area:

  1. Building institutional support
  2. Fostering innovation and entrepreneurship
  3. Access to market
  4. Incubation and Mentoring support
  5. Funding support
  6. Capacity building for enablers

 

State Start-up Ranking:

●       The States Start-up Ranking is a yearly capacity-building exercise created and released by DPIIT that evaluates all of India’s states and Union Territories on their efforts to build an ecosystem conducive to start-up growth.

●       States’ Start-up Ranking was launched in February 2018 to achieve the vision of building a robust startup ecosystem in the country.

 

Objective: 

●       To recognize and reward outstanding Startups with high potential for employment generation or wealth creation, demonstrating measurable social impact.

 

Released by - Department for Promotion of Industry and Internal trade (DPIIT) under the Commerce Ministry.

 

Participating States: Total 33 states and UTs

 

Category:

●       Best performers

●       Top performers

●       Leaders

●       Aspiring leaders

●       Emerging startup ecosystems.

 

1. Best Performing States:

●       Karnataka

●       Kerala

●       Gujarat

●       Tamil Nadu (Best performing states in the startup ranking for 2022 based on their initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs).

2. Top Performers:

●       Maharashtra

●       Odisha

●       Punjab

●       Rajasthan

●       Telangana

3. Leaders:

●       Andhra Pradesh

●       Assam

●       Madhya Pradesh

●       Uttar Pradesh

●       Uttarakhand

●       Goa

●       Manipur

●       Tripura

4. Aspiring leaders:

●       Bihar

●       Haryana

●       Andaman and Nicobar Islands

●       Nagaland

5. Emerging startup ecosystems:

●       Chhattisgarh

●       Delhi

●       Jammu and Kashmir

●       Chandigarh

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