The start-up India initiative was launched in January 2016 to construct a powerful ecosystem for nurturing innovation, boosting start-ups, and inspiring investments within the start-up ecosystem of the nation.
“The Commerce and Industry Ministry’s arm Department for Promotion of Industry and Internal Trade (DPIIT) on January 16 will announce ranking of States and Union Territories for 2022 based on initiatives taken for start-ups,” an official stated.
The train goals to consider measures taken by States/UTs to increase the start-up ecosystem throughout a specified interval. It additionally aimed toward supporting States and Union Territories (UTs) in growing their start-up ecosystem and studying from one another’s finest practices.
“The ranking is a periodic capacity building exercise developed and released by DPIIT that evaluates States and UTs on their efforts to build an ecosystem conducive to growth of start-ups,” the official stated.
The main targets of the ranking train are: Facilitating States and UTs to determine, be taught and substitute good practices, highlighting the coverage intervention by States and UTs for selling start-up ecosystem and fostering competitiveness amongst States.
The final ranking was launched on July 4, 2022 wherein Gujarat, and Karnataka had been ranked amongst finest performer States in offering a powerful ecosystem for start-ups. This would be the fourth version of the train.
In the final ranking, States and UTs had been evaluated throughout seven reform areas consisting of 26 motion factors, starting from institutional assist, fostering innovation, entry to market, incubation and funding assist. The authorities is taking a sequence of steps to promote these enterprises.
The start-up India initiative was launched in January 2016 to construct a powerful ecosystem for nurturing innovation, boosting start-ups, and inspiring investments within the start-up ecosystem of the nation.
Emphasising and selling recognition of start-ups contributing in direction of nation-building, socio-economic improvement, and self-reliance, Prime Minister Narendra Modi in 2022, declared January 16 because the National Startup Day.
The quantity of registered start-ups has jumped to 1.17 lakh at current from about 400 in 2016. With an intention to deliver collectively the nation’s start-ups, entrepreneurs, buyers, policymakers, and different stakeholders, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is organising the Startup India Innovation Week 2024 from January 10 to 18th.
During the week, eight digital Ask Me Anything (AMA) reside classes are deliberate to be carried out with start-up ecosystem enablers together with incubators and accelerators, buyers, mentors, unicorns, corporates, start-ups, academia, and authorities to construct capability of the ecosystem.
Further, 5 devoted mentorship classes centered on ‘How to Start Up’ are additionally deliberate on capability constructing of aspiring entrepreneurs and scholar entrepreneurs on matters similar to understanding enterprise constructions, processes to incorporate an entity and constructing a marketing strategy.
The National Startup Award can be an initiative to recognise and reward excellent start-ups and ecosystem enablers which can be constructing modern merchandise or options and scalable enterprises, with excessive potential of employment era or wealth creation, demonstrating measurable social affect.
