HYDERABAD: Telangana retained its top performer status in the States' Startup Rankings for 2022. Other top performers among big states are Maharashtra, Odisha, Punjab, and Rajasthan.
The state rankings were announced by the Union department for promotion of industry and internal trade (DPIIT), under the Union commerce and industry ministry, in New Delhi on Tuesday. The rankings, a yearly exercise by DPIIT, evaluates the performance of states and Union Territories in their efforts to create a conducive environment for the growth of startup companies.
Telangana state was adjudged as the top performer in capacity building, funding, sustainability, innovation and institutional support to start-up companies.
Andhra Pradesh is adjudged as ‘Leader’, a category which comes a notch lower than top performer.
There were four best performers, who fared better than top performers. The list is topped by Gujarat, followed by Karnataka, Kerala and Tamil Nadu.
The Telangana state government received accolades for implementing inclusive policies and schemes, specifically targeting the development of entrepreneurs among SC/ST, differently-abled individuals, and women. Notably, the state stood out for its 'Impact Fund,' dedicated to rural and social enterprises, and its financial assistance programs like 'T-Seed Fund' and 'T-IDEA' for early-stage startups.
BEST PERFORMERS (PERCENTILE: 90-100)
Best Performers are the leading states and UTs in the country with model state startup ecosystems, setting a benchmark for other states to follow.
TOP PERFORMERS (PERCENTILE: 70-89)
Top Performers have shown significant growth in respective startup ecosystems and have established initiatives to nurture the entrepreneurs of the state.
LEADERS (PERCENTILE: 50-69)
Leaders are the states and UTs which have been continuously working towards building an effective Startup ecosystem.
ASPIRING LEADERS (PERCENTILE: 30-49)
The states and UTs identified as Aspiring Leaders are working towards identifying and formulating initiatives to provide support to the startups in the state and UT.
EMERGING StartupS ECOSYSTEMS (PERCENTILE: UP TO 30)
The states and UTs identified as the Emerging Startup Ecosystems are on the path of developing their startup ecosystem.
