Gujarat adjudged “Best Performer in States’ Start-up Ranking 2018

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Gandhinagar: Gujarat has emerged as the best performing state in the Startup Ranking 2018. The National Report on States’ Startup Ranking was unveiled by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry in New Delhi today.

Gujarat, with 100 percentile, has performed better than all other states in all the seven areas including start up policy, incubation support, seeding innovation and scaling innovation.

Karnataka, Kerala, Odisha and Rajasthan, with a score of more than 85 percentile, have been adjudged the top performers. Andhra Pradesh, Bihar, Chhatisgarh, Madhya Pradesh and Telangana have been recognised as Leaders. 27 states and three union territories participated in the ranking process.

The aim of the rankings is to help bring notice to the progress that various States have made for promoting Start-ups, and at the same time foster a spirit of competition between the States.

Gujarat’s reputation as a fast growing hub for technology and services-based Start-ups reflects in the new rankings that were published today. The Government of Gujarat has taken proactive steps in key areas such as incubation support, seed funding support, simplified regulations, and easing public procurement.

Gujarat also scored exceedingly well on the awareness and outreach parameters,an example of which is the Vibrant Gujarat Start-Up and Technology Summit organized earlier this year.

The Government currently supports 196 start-ups and provided incentives in form of sustenance allowance, product development assistance and marketing assistance.
The Government of Gujarat has also recognised 34 nodal institutes for supporting start-ups.

Apart from offering assistance, the Government of Gujarat also gives preference to Start-ups in public procurement.
Gujarat has been particularly recognized for seed funding support, policy formulation and implementation, incubation hubs,outreach events ofnational and international level,venture funding, public procurement etc.

Gujarat Chief Minister Vijay Rupani said “It is the youth that will find the solutions for our development goals through innovative ideas and thinking. The Gujarat State Government currently supports 184 startups and we aim to support up to 2,000 start-ups at the cost of 7,000 crore rupees by the year 2021.”

Industries and Mines Department Principal Secretary M K Das said “The Government of Gujarat is committed to the start-up ecosystem to drive Gujarat and the nation’s growth.

Gujarat has been able to achieve this feat thanks to the entrepreneurial spirit of Gujarat catalysed by the proactive approach &conducive policies from the government. This recognition gives us encouragement to go a step further and expand the start-up ecosystem in the state”.

Industries Commissioner, Ms Mamta Verma said, “It has been a learning experience for all the stakeholders. The reforms suggested by DIPP were very practical and constructive, and have definitely added to the momentum for further evolution of Start-up ecosystem in Gujarat & the nation as a whole.”

Secretary DIPP Ramesh Abhishek appreciated the efforts of Team Gujarat and also other states for the dedicated work done for Start-ups.
JP GUPTA FOR SG

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