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30 States, UTs participating in State Startup Ranking Framework 2018

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As many as 30 States and Union Territories (UTs) are participating in the State Start-up Ranking Framework 2018 launched by Department of Industrial Policy and Promotion (DIPP) on February 6 this year.
 
The ranking aims at fostering competitiveness and to propel the States and UTs to work proactively towards promotion of their start-up eco-systems. It is also aimed at facilitating States and UTs to identify, learn and replicate good practices from each other and for bringing to the fore  their own progress in the regard.
 
An official press release said that, as a run-up to this, DIPP actively engaged with State and UT Governments over the past several weeks to help them prepare and participate in the States Startup Ranking exercise. Two rounds of video conferences were organised by DIPP with all the States and UTs in March and April, 2018. A dedicated team from DIPP also visited all States and UTs to conduct ranking awareness and capacity-building workshops.
 
In order to provide exposure to State/UT officials about the process of developing start-up ecosystem in their respective regions, three knowledge exchange workshops were conducted at leading incubators in the country. The workshops were organised at T-Hub, Hyderabad on April 9,9th April, 2018, iCreate, Ahmedabad on April 11 and Sunrise Incubation Tower, Vishakhapatnam on April 16. There was a lot of enthusiasm shown by the States and Union Territories in these workshops which were attended in large numbers.
 
The release said that the participating States and UTs will now be evaluated on a score of 100, against 38 action points categorized into seven areas of intervention such as Startup Policy and implementation, Incubation support, Seed Funding, Angel and Venture Funding, Simplification of Regulations, Easing Public Procurement and Awareness & Outreach.
 
In order to evaluate States/UTs in a balanced and transparent manner, the assessment will be based on the aggregate score of the documentary proofs substantiating the implementation of action points by the State/ UT Government and also feedback from Startup ecosystem beneficiaries/components (to be picked up randomly from the list of beneficiaries/components that the state itself provides).
 
DIPP has appointed seven dedicated evaluation committees involving members from all relevant departments and reputed players in the ecosystem, for evaluating States’ responses in each area of intervention. The performance of the States will be dynamically presented on the State Startup Ranking dashboard hosted on the Start-up India portal.  
 
The overall exercise is expected to be complete with announcement of rankings in June, 2018, it said.
 
The launch of the ranking framework has galvanized the States into action, thereby giving impetus to the start-up movement across the country, the release added.
 
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