Context:
Gujarat topped the DPIIT’s list of best-performing States in developing startup ecosystems in India
States’ startup ranking:
- Launched in – 2018
- Released by – Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry
- Aim – To build a robust Start-up ecosystem in the country for nurturing innovation
- 5 categories of ranking – Best performers, Top performers, Leaders, Aspiring leaders and Emerging startup ecosystems
Key Findings:
- Best Performers – Gujarat, Kerala and Karnataka
- Top Performers – Tamil Nadu, Himachal Pradesh, Maharashtra, Odisha and Telangana
India’s Status:
- 3rd largest start up eco system in the world
- US and China are in the top two positions
- 111 Unicorns are present in the country (startup company valued at over $1 billion are called Unicorns)
Related Initiatives:
- Start Up India Fund
- National Startup Advisory Council
- Constituted by – DPIIT, Ministry of Commerce and Industry
- Composition – Chairman (Minister for Commerce & Industry) + Ex-officio Members + Non-official members
- Atal New India Challenge
- iCREST (Incubator Capabilities Enhancement program for a Robust Ecosystem)
- Fisheries Startup Grand Challenge
Source: The Hindu
Previous Year Question
Atal innovation mission is set up under the:
[UPSC Civil Services Exam – 2019 Prelims]
(a) Department of science of technology
(b) Ministry of labour and employment
(c) NITI Aayog
(d) Ministry of skill development and entrepreneurship
Answer: (c)
