States Start-Up Ranking 2019-20 Report | UPSC

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States Start-Up Ranking 2019-20 Report

States Start-Up Ranking 2019 Report | UPSC

      HEADLINES:

Declaration of Results of Ranking of States: 2019, on support to Startup Ecosystems

      WHY IN NEWS:

The Results of the second edition of Ranking of States on Support to Startup Ecosystems were released by Minister of Commerce & Industry .

MINISTRY? :- Ministry of Commerce & Industry
SYLLABUS COVERED: GS 3: Reports and Indices

      LEARNING: 

For PRELIMS go through the important parameters on which the report is being calculated . Do not forget the ministry . Numbers in the report are not important !

For MAINS what measures are to be taken with states with less or no start up facilities ?

      ISSUE: 

STATES START-UP RANKING 2019 REPORT

  • Funding asserts its importance for operative processes, research, development and multiple other primary business features for evolving businesses.
  • However, it is the foremost consideration when contemplating growth and development of startups.
  • Funding can be derived from diverse sources, it can help sustain the existing projects and enable expansion.

States Start-Up Ranking 2019-20 Report | UPSC IAS

TITLE

States Start-Up Ranking 2019 Report

AIM

The key objective is to foster competitiveness and propel States and Union Territories to work proactively towards uplifting the startup ecosystem

  • It has been implemented as a capacity development exercise to encourage mutual learning among all states and to provide support in policy formulation and implementation.

PUBLISHED BY

  • The Department for Promotion of Industry and Internal Trade (DPIIT)  has published this report.
  • This is second edition of the States’ Startup Ranking Exercise.

REPORT ANALYSIS

  • The States’ Startup Ranking Framework 2019 has 7 broad reform area, consisting of 30 action points .

7 REFORM AREAS ARE

  • Institutional Support
  • Easing Compliances
  • Relaxation in Public Procurement norms
  • Incubation support
  • Seed Funding Support
  • Venture Funding Support
  • Awareness & Outreach.

States Start-Up Ranking 2019-20 Report | UPSC

CALCULATIONS

  • To establish uniformity and ensure standardization in the ranking process, States and UTs have been divided into two groups.
  • While UTs except Delhi and all States in North East India except Assam are placed in Category ‘Y’.
  • All other States and UT of Delhi are in Category ‘X’.

A total of 22 States and 3 Union Territories participated in the exercise.

  • Evaluation Committees comprising independent experts carried out a detailed assessment of responses across various parameters.
  • Many parameters involved getting feedback from beneficiaries which was gathered through more than 60,000 calls made in 11 different languages .

CATEGORIES

  • For the purposes of Ranking, States are classified into 5 Categories: Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Startup Ecosystems.
  • The felicitation ceremony was accompanied by the release of a National Report which highlights the vision, trajectory, methodology and the future roadmap of the States Ranking Exercise.

RESULTS

States Start-Up Ranking 2019-2020

TOP PERFORMERS

States Start-Up Ranking 2019-2020

      IASbhai WINDUP: 

  • State Specific Report for each of the 25 participating entities has also been released, containing a comprehensive analysis of respective ecosystem, which highlights strengths and priority areas for future.
  • ‘Compendium of Good Practices’ adopted by various States in supporting startups has also been released.

The ranking is an example of cooperative federalism, which will help in capacity building in the states. 

  • It identifies 166 good practices, which may be directly used by States to identify and implement newer initiatives.
     SOURCES:THE HINDU & PIB | States Start-Up Ranking 2019 Report | UPSC

DISCOVER MORE : REPORTS

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