Goa named Best Performer in DPIIT Category B startup ranking
Goa has been ranked Best Performer in Category B in the States’ Startup Ecosystem Ranking by the Department for Promotion of Industry and Internal Trade (DPIIT). This prestigious award was announced at the National Startup Day in New Delhi, and it is a testament to the state’s thriving startup ecosystem. The award was received by Dr. Milind of the Department of Information Technology and Electronics (DITE&C) along with D S Prashant of the Startup Innovation and Technology Park of Goa (SITPG). Minister Rohan A Khaunte credited the coordinated government and ecosystem efforts behind the achievement during the national startup policy assessment.
The DPIIT’s States’ Startup Ecosystem Ranking is an annual exercise that evaluates the performance of states and union territories in promoting and supporting startups. The ranking is based on seven key parameters, including institutional support, simplification and regulation, funding, innovation and entrepreneurship, taxations and other incentives, and incubation and acceleration. The states are categorized into three tiers: Category A, Category B, and Category C, based on their population and GDP.
Goa’s ranking as the Best Performer in Category B is a significant achievement, considering the state’s small size and population. The state has been actively promoting startups and entrepreneurship through various initiatives, including the creation of a startup policy, setting up of incubators and accelerators, and providing funding and mentorship to startups. The state government has also been working closely with the private sector and academia to create a supportive ecosystem for startups.
The award is a recognition of the state’s efforts to create a conducive environment for startups to grow and thrive. Minister Rohan A Khaunte said that the award is a result of the coordinated efforts of the government and the ecosystem, and it is a testament to the state’s commitment to promoting innovation and entrepreneurship. He also said that the state will continue to work towards creating a world-class startup ecosystem that can attract talent and investment from across the country and the world.
The ranking is also a reflection of the state’s strong focus on innovation and entrepreneurship. The state has been actively promoting innovation and entrepreneurship through various initiatives, including hackathons, ideathons, and startup challenges. The state has also been working closely with academia and industry to create a pipeline of innovative ideas and startups.
The startup ecosystem in Goa is diverse and vibrant, with a range of startups operating in sectors such as technology, healthcare, education, and sustainability. The state is home to a number of incubators and accelerators, including the Startup Innovation and Technology Park of Goa (SITPG), which provides funding, mentorship, and infrastructure support to startups. The state is also home to a number of coworking spaces and innovation hubs, which provide a collaborative and supportive environment for startups to grow and thrive.
The ranking is also a recognition of the state’s efforts to create a supportive regulatory environment for startups. The state has been working to simplify regulations and procedures, and to create a single-window clearance system for startups. The state has also been providing tax incentives and other benefits to startups, including exemptions from stamp duty and registration fees.
In conclusion, Goa’s ranking as the Best Performer in Category B in the States’ Startup Ecosystem Ranking by DPIIT is a significant achievement, and it is a testament to the state’s thriving startup ecosystem. The state’s coordinated efforts to promote innovation and entrepreneurship, create a supportive regulatory environment, and provide funding and mentorship to startups have paid off, and the state is now recognized as one of the top startup destinations in the country. The state will continue to work towards creating a world-class startup ecosystem that can attract talent and investment from across the country and the world.
The achievement is a result of the hard work and dedication of the state government, the startup community, and the ecosystem players. The state will continue to build on this momentum, and to create a startup ecosystem that is inclusive, innovative, and sustainable. The ranking is also a recognition of the state’s commitment to promoting innovation and entrepreneurship, and to creating a better future for its citizens.
As the state continues to grow and evolve, it is expected that the startup ecosystem will play a key role in driving economic growth and job creation. The state will continue to work towards creating a supportive environment for startups, and to providing the necessary resources and infrastructure for them to grow and thrive. The ranking is a testament to the state’s potential to become a major startup hub, and it is expected that the state will continue to attract talent and investment from across the country and the world.
The state’s startup ecosystem is expected to continue to grow and evolve, with new initiatives and programs being launched to support startups. The state will continue to work closely with the private sector, academia, and the ecosystem players to create a supportive environment for startups. The ranking is a recognition of the state’s efforts to create a startup-friendly environment, and it is expected that the state will continue to be a top destination for startups in the country.
In the end, Goa’s ranking as the Best Performer in Category B in the States’ Startup Ecosystem Ranking by DPIIT is a significant achievement, and it is a testament to the state’s thriving startup ecosystem. The state will continue to work towards creating a world-class startup ecosystem that can attract talent and investment from across the country and the world.
News Source: https://ascendants.in/industry_events/dpiit-ranks-goa-best-performer-category-b-startup-ecosystem/
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