Andhra Pradesh has topped the list of states having emerging start-up ecosystems in the country for the year 2019, a study done by Department for Promotion of Industry and Internal Trade (DPIIT) under Union ministry of commerce and industry said on Friday.
Andhra Pradesh is followed by Delhi, Assam, Chhattisgarh, Himachal Pradesh, Madhya Pradesh, Mizoram, Sikkim, Tamil Nadu and Uttar Pradesh.
According to an official release, the States’ Startup Ranking Framework 2019 is based on seven broad reform areas consisting of 30 action points ranging from institutional support, easing compliances, relaxation in public procurement norms, incubation support, seed funding support, venture funding support, and awareness and outreach.
Based on these categories, the states have been recognized as best performer, top performers, leaders, aspiring leaders.
Gujarat and Andaman & Nicobar Islands have emerged as the best performers among states and UTs in the second edition of ranking of the start-up ecosystem in the country, followed by Karnataka and Kerala who were “top performers”.
Haryana, Jharkhand, Nagaland, Punjab, Telangana and Uttarakhand are among the aspiring leaders.
As per the Department for Promotion of Industry and Internal Trade (DPIIT), the exercise is useful to develop innovation capacity of states and provide support in policy formulation and implementation. A total of 22 states and three UTs participated in the exercise.
The last 2018 edition ranked Gujarat as the best performer in developing the start-up ecosystem for budding entrepreneurs. Other top performers were Karnataka, Kerala, Odisha and Rajasthan.
“I am keen that industry, high net worth individuals, mutual funds and pension funds also participate in start-ups’ funding,” said commerce and industry Piyush Goyal while releasing the state rankings on Friday.
Goyal added that after states, there can be innovative ideas from start-ups to look at challenges such as on the nutrition front at village and panchayat level.
