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 Directorate 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 efforts of the government and the ecosystem for this achievement, which was made possible 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 startups and entrepreneurship. The ranking is based on a set of parameters that include institutional support, simplification and regulation, funding, industry-academia collaboration, and outreach and awareness. The states are categorized into three groups: 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 relatively 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 government has also been working to create a favorable business environment, with initiatives such as simplifying regulations and providing tax incentives.
The award is a recognition of the state’s efforts to create a thriving startup ecosystem, which has been made possible by the coordinated efforts of the government, academia, industry, and other stakeholders. The state’s startup ecosystem has been growing rapidly, with a large number of startups operating in sectors such as technology, healthcare, and tourism. The state’s proximity to major cities such as Mumbai and Bengaluru, as well as its good connectivity and infrastructure, have made it an attractive destination for startups.
Minister Rohan A Khaunte said that the award is a testament to the state’s commitment to promoting startups and entrepreneurship. “We are thrilled to receive this award, which recognizes our efforts to create a favorable business environment and promote innovation and entrepreneurship,” he said. “We will continue to work towards creating a thriving startup ecosystem, and we are committed to providing all necessary support to startups and entrepreneurs.”
The award is also a recognition of the state’s efforts to promote innovation and entrepreneurship, particularly among young people. The state has been working to create a culture of innovation and entrepreneurship, with initiatives such as hackathons, ideathons, and other events that encourage young people to think creatively and develop innovative solutions to real-world problems.
The state’s startup ecosystem has also been supported by the creation of incubators and accelerators, which provide funding, mentorship, and other resources to startups. The Goa Startup Policy, which was launched in 2017, has been instrumental in promoting startups and entrepreneurship in the state. The policy provides a range of incentives and benefits to startups, including funding, tax incentives, and regulatory support.
In addition to the government’s efforts, the state’s startup ecosystem has also been supported by the private sector, with many companies and organizations providing funding, mentorship, and other resources to startups. The state has a thriving community of entrepreneurs, investors, and mentors, who are working together to create a supportive ecosystem for startups.
The ranking is also a reflection of the state’s commitment to promoting innovation and entrepreneurship, particularly in the context of the national startup policy. The national startup policy, which was launched in 2016, aims to promote startups and entrepreneurship across the country, with a focus on creating a favorable business environment, providing funding and mentorship, and promoting innovation and entrepreneurship.
In conclusion, Goa’s ranking as the Best Performer in Category B in the DPIIT’s States’ Startup Ecosystem Ranking is a significant achievement, and a testament to the state’s thriving startup ecosystem. The award is a recognition of the state’s efforts to create a favorable business environment, promote innovation and entrepreneurship, and support startups and entrepreneurs. The state’s startup ecosystem has been growing rapidly, and it is expected to continue to thrive in the coming years, with the support of the government, academia, industry, and other stakeholders.
Source: https://ascendants.in/industry_events/dpiit-ranks-goa-best-performer-category-b-startup-ecosystem/
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