Our Reporter
Dimapur, July 1 (EMN): Ministry of Commerce and Industry, government of India, informed that the results of the 3rd edition of ranking of states on support to start-up ecosystem will be released on July 4 by Piyush Goyal, minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles.
With the aim to promote India’s vision of competitive and cooperative federalism, the Department for Promotion of Industry and Internal Trade (DPIIT) conducted the 3rd edition of the states start-up ranking exercise. The exercise was launched in 2018 to encourage states and union territories to work towards easing regulations for the growth of start-up and strengthening the support to the start-up ecosystem.
The Ministry updated that a total of 24 states and union territories participated in the exercise this year, an increase from 25 last year and the highest till date. It informed that there are over 30 states and UT which have start-up policies, while 27 states/ UT have their own state start-up portal.
This edition has seven broad reform areas consisting of 26 action points which are essential in providing regulatory, policy and economic support to startups and stakeholders of the ecosystem. The reform areas included institutional support, fostering innovation and entrepreneurship, access to market, incubation support, funding support, mentorship support and capacity building of enablers, it stated.
The third edition of the exercise evaluated the support provided by states and union territories over a period from October 1, 2019, to July 31, 2021, and their submissions were evaluated over a 6-month period and feedback was gathered from more than 7,200 beneficiaries in 13 different languages, the ministry updated.
The state start-up ranking exercise results 2021 and call for mentors for the mentorship, advisory, assistance, resilience, and growth (MAARG) portal will be announced on July 4 at 11:30 am at The Ashok Hotel, New Delhi, with senior government officials attending from all participating states and UT.
It may be mentioned that in 2018, on the basis of performance, Nagaland state was recognised under Beginner’s category along with Chandigarh, Manipur, Mizoram, Nagaland, Puducherry, Sikkim, and Tripura.
In the second edition of states start-up ranking in 2019, Nagaland was ranked as an “Aspiring Leader” in giving support to start up ecosystem.