National Startup Awards 2022

January 17, 2024

GS Paper III Indian Economy

Context:

National Startup Awards 2022: Gujarat, Kerala and Karnataka have emerged as the best-performing states in developing startup ecosystems, as per the States’ Startup Ranking 2022.

About National Startup Awards 2022

National Startup Awards

Objective: To recognize and reward outstanding Startups with high potential for employment generation or wealth creation, demonstrating measurable social impact.
Release of Ranking: The ranking for the states and union territories has been released by the department for promotion of industry and internal trade (DPIIT) under the commerce ministry.
Participating States: Total 33 states and UTs
Category: five categories — best performers, top performers, leaders, aspiring leaders and emerging startup ecosystems.
Best Performing States: Gujarat, Kerala, Karnataka and Tamil Nadu have ranked as best performing states in the startup ranking for 2022 based on their initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.
Top Performers: Maharashtra, Odisha, Punjab, Rajasthan and Telangana are categorized as top performers.
Leaders: Andhra Pradesh, Assam, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Goa, Manipur, and Tripura are categorised as ‘leader’.
Aspiring leaders: Bihar, Haryana, Andaman and Nicobar Islands, and Nagaland.
Emerging startup ecosystems: Chhattisgarh, Delhi, Jammu and Kashmir and Chandigarh, among others.

Startup India Initiative:

The Startup India initiative was launched on 16 January 2016 to build a strong ecosystem for nurturing innovation, boosting startups, and encouraging investments in the startup ecosystem of the country.
As of now, over 117,000 startups are recognized by the government.

Also Refer: Startup Ecosystem In India

News Source: Live Mint