DIPP launches framework to rank states on startup projects

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DIPP launches framework to rank states on startup projectsThe Department of Industrial Policy and Promotion (DIPP) has launched a framework to rank states on the basis of their performance in implementation of the central government‘s Startup India programme.

Officials said the assessment parameters for states include startup policy implementation, incubation, and seed funding support, simplification of regulations, promoting angel and venture capital funding, ease of public procurement and awareness and outreach programmes for startups.

The final ranking of states on the basis of the data submitted by them and assessments by DIPP will be announced in April.

The DIPP will be constituting a specialised committee to assess and rank states independently. The rankings will apply to all 18 states which have announced their startup policies as well as those that do not have a formal policy yet.

From next year, the ranking window for states will open from January 1 to March 31 to enable them to upload data, after which results will be announced in April. At present, 18 states including Gujarat, Uttar Pradesh, Odisha, Karnataka, Goa, Chhattisgarh, and Telangana have formulated their startup policies.

“States will have to pass orders for the implementation of various initiatives under their startup policies and upload data on achievements towards the same on Startup India Hub website,” a government official said on condition of anonymity. “The main objective of this step is to ensure competition between states and get real-time information on what each state is doing.”

The DIPP has also released a compendium of best practices being followed by different states for supporting startups. These include Telangana’s incubation centre called T-Hub, seed capital fund scheme launched by Jammu & Kashmir, ₹500-crore fund-of-funds scheme being implemented by Kerala and Odisha’s efforts towards setting up a regional angel network.

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