Government launches 3 tools to rank states, UTs on startup ecosystem

The Commerce and Industry Ministry (DIPP) has launched three tools to rank states and union territories on the basis of measures taken by them to promote budding entrepreneurs. These tools are the start-up-India ranking framework, compendium of good practices for promoting startups in India and Startup India Kit. They will help promote the start-up drive.

Startup India Compendium of Good Practises

It aims at promoting Startups in India and focuses on enriching startup ecosystem through ethical behaviours. It is currently followed by 18 States/UTs. It covers 95 good practises across 7 areas of intervention for evaluating the performance of startup ecosystem in states/UTs. These are distilled into 38 action points including Incubation Support, Seed Funding, Angel & Venture Funding, Startup Policy & Implementation, Simplified Regulations, Easing Public Procurement, Awareness & Outreach.

Startup India Kit

It is primarily a one-stop guide on all Startup India offerings. It offers vital information, advice and assistance through website links, statistics, tools, templates, events, competitions and a glossary on startup terms. All the benefits available to startups from the Startup India initiative can be found in the kit.

Month: Current Affairs - February, 2018