The measures taken by states and union territories (UTs) for ranking them as per the initiative taken to strengthen their startup ecosystems will now be considered till 30 September 2019 by the Commerce and Industry Ministry, cited yourstory.
The development by the ministry has come days after the Department for Promotion of Industry and Internal Trade (DPIIT), under it, had stated that it would consider measures taken by states and UTs during May 1, 2018 to June 30, 2019, for ranking purpose.
The ranking framework comprises seven pillars and 30 action points.
The pillars will assess the efforts across institutional support, simplifying regulations, easing public procurement, incubation, seed funding, venture funding, and awareness and outreach-related activities.
“To further encourage states and UTs to strengthen their startup ecosystems, @DIPPGOI launched the framework for #StatesStartupRanking2019 on February 19, 2019. Based on the request of various state governments, the deadline for responses is extended by three months, i.e. upto September 30,” Ramesh Abhishek, DPIIT secretary said in a series of tweets.
“We expect an enthusiastic participation from all states and UTs to help create a robust ecosystem for start ups in the country!,” Abhishek added.
He further said there shall be no further extension of the deadline, and feedback and evaluation would start immediately after September 30.
The department conducted the first ever such ranking exercise in 2018 to encourage states and UTs to take proactive steps towards strengthening the startup ecosystems within their jurisdictions, he said.
Moreover, about 27 states and three UTs participated in the first exercise. Gujarat had emerged as the best performer in developing startup ecosystem for budding entrepreneurs last year.
“The exercise was an enriching and educating experience for all participants. Awareness Workshops in all states, knowledge workshops in incubators, pairing of states for mentoring and international exposure visits, helped many states initiate effective measures to support start ups,” he concluded.