Odisha ranked top performer in State Startup Ranking 2018

Bhubaneswar: Odisha has been ranked as the top performer in the State Startup Ranking 2018 by the Department of Industrial Promotion and Policy of the government of India.

Odisha has also been declared champion state in terms of startup policy implementation, incubation hub, seeding innovation, regulatory change framework, public procurement initiative and communication.

Gujarat topped the chart bagging the best performer title in the first ever ranking of states, which was conducted on 38 parameters relating to their respective startup ecosystem including feedback from a large number of beneficiaries.

A total of 27 states and three union territories participated in the State Startup Ranking 2018.

Odisha has currently recognised 334 startups within a period of just 18 months and has 9 incubators, 12 nodal institutions and 110 mentors to support them.

“We have taken multiple steps in implementing the Odisha Startup Policy 2016, which aims to place Odisha among the top three startup hubs in the country. Currently, we are one of the fastest growing startup states with over 20 startup registrations per month,” said MSME secretary L.N. Gupta.

Gupta received the top performer certificate of appreciation on behalf of the Odisha government from DIPP secretary Ramesh Abhishek at an event held in New Delhi on Thursday.

Ramesh Abhishek appreciated the state government for its sustained and pro-active efforts in creating a robust and startup friendly ecosystem.

Under the Startup Odisha Initiative, the state government aims to support 1000 startup by 2020 apart from making Odisha one of the best startup hubs in the country.

According to a PIB press release, Department of Industrial Promotion and Policy (DIPP) consulted stakeholders of the startup ecosystem and came up with seven key reform areas as the basis of the ranking.

An online portal was launched to help states submit their initiatives across the reform areas.

States have been identified as leaders across various categories such as startup policy leaders, incubation hubs, seeding innovation, scaling innovation, regulatory change champions, procurement leaders, communication champions, North-Eastern leader, and hill state leader.

On the basis of performance in these categories, the States have been recognised as the Best Performer, Top Performers, Leaders, Aspiring Leaders, Emerging States and Beginners.