On Wednesday, the regime launched the second report pertaining to states ranking on startup opportunities. The ranking process seeks to gauge actions taken by the Indian states and union territories through an evaluation period that is, May 1, 2018, to June 30, 2019.
In a statement, Department for Promotion of Industry and Internal Trade (DPIIT) said, The startup ranking framework aims to rank the states/UTs for establishing a robust ecosystem for supporting startups. as reported by ET News.
Under Ranking framework 2019, there are a total of 20 actions points as well as 7 pillars. The mentioned pillars in the framework 2019, will evaluate states efforts beyond various parameters namely, seed funding support, easing regulations, institutional support, venture funding support, simplifying regulations. Furthermore, DPIIT will assess novel startup schemes and opportunities as a strand of the ranking process.
The governing body has formed the startups framework 2019 by rendering importance on feedback collection from startup companies and other shareholders from the relatable startup network. All the forms need to be submitted at www.startupindia.gov.in the website is currently hosting State Startup Ranking Programme 2019.
Until now, 25 states, as well as UTs, have presented their forms or startup policies to the governing body for jurisdiction.