Northern states laggard in startup rankings

Vijay C Roy

Tribune News Service

Chandigarh, September 15

The northern area has to work laborious to draw startups as no state from the area has been ranked as prime performer within the second version of Ranking of States on Support to Startup Ecosystems launched by the Department for Promotion of Industry and Internal Trade (DPIIT) lately.

Senior govt official

‘Need to build robust ecosystem’

The want of the hour is to construct a strong ecosystem and carefully monitor futuristic measures to spur the expansion of startups

Punjab and Haryana had been positioned underneath the Aspiring Leaders’ class together with Jharkhand, Telangana and Uttarakhand. They are a notch above Andhra Pradesh, Assam, Chhattisgarh, Delhi, Himachal Pradesh, Madhya Pradesh, Tamil Nadu and Uttar Pradesh, which had been ranked on the backside in Emerging Startup Ecosystems as per the States Startup Ranking Report 2019.

Gujarat topped the checklist as one of the best performer. The ‘top performers’ embrace Karnataka and Kerala whereas Bihar, Maharashtra, Odisha and Rajasthan had been put within the ‘Leaders’ class.

As many as 22 states and three Union Territories participated within the rating. For the aim of rating, the states had been labeled into 5 classes: Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Startup Ecosystems.

The startup ecosystem within the nation is replete with progress tales because of the function of stakeholders however it’s primarily because of lack of ecosystem the northern states appears to be laggard.

“In the northern region, access to seed capital and venture funding support is difficult as compared to top-performing states. This is the main reason behind lower rankings,” mentioned a senior authorities official.

Besides, there’s a want for strong coverage framework and full transparency within the coverage implementation. “The need of the hour is to build a robust ecosystem and closely monitor futuristic measures to spur the growth of the startups,” mentioned one other official.

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