Goa named Best Performer in DPIIT Category B startup ranking
The startup ecosystem in India has been gaining momentum over the past few years, with various states and union territories working tirelessly to create a conducive environment for entrepreneurs to thrive. In a recent development, Goa has been ranked as the 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 coordinated efforts in promoting innovation and entrepreneurship.
The award was received by Dr. Milind of the Department of Information Technology and Electronic (DITE&C) along with D S Prashant of the Startup Innovation and Technology Park (SITPC). This recognition is a significant milestone for the state of Goa, which has been working diligently to create a thriving startup ecosystem. The state’s efforts have been driven by a combination of government initiatives, private sector participation, and a strong network of incubators, accelerators, and mentors.
According to Minister Rohan A Khaunte, the achievement is a result of the coordinated efforts between the government and the ecosystem. He credited the state’s success to the effective implementation of the national startup policy, which has created a favorable environment for startups to grow and flourish. The minister’s statement highlights the importance of collaboration between the government, private sector, and other stakeholders in creating a vibrant startup ecosystem.
The DPIIT’s States’ Startup Ecosystem Ranking is an annual exercise that evaluates the performance of states and union territories in promoting startups. The ranking is based on a set of parameters, including the number of startups, funding, mentorship, and infrastructure. The ranking is divided into three categories: Category A, Category B, and Category C, based on the population of the state or union territory.
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 working to create a niche for itself in the startup ecosystem, with a focus on sectors such as technology, tourism, and sustainability. The state government has also launched several initiatives to promote startups, including funding schemes, incubators, and accelerators.
One of the key factors that contributed to Goa’s success is its strong network of incubators and accelerators. The state is home to several prominent incubators, including the Startup Innovation and Technology Park (SITPC), which provides a range of services, including funding, mentorship, and infrastructure support to startups. The state government has also partnered with private sector organizations to create a network of accelerators, which provide specialized support to startups in areas such as technology, marketing, and finance.
Another factor that has contributed to Goa’s success is its favorable business environment. The state government has implemented a range of policies and initiatives to simplify the process of starting and running a business. These include measures such as single-window clearance, simplified regulatory procedures, and tax incentives. The state has also invested in creating a range of infrastructure, including co-working spaces, data centers, and technology parks, which provide startups with access to world-class facilities and resources.
The recognition of Goa as the Best Performer in Category B is also a testament to the state’s strong focus on innovation and entrepreneurship. The state government has launched several initiatives to promote innovation, including hackathons, ideathons, and innovation challenges. These initiatives have helped to create a culture of innovation and entrepreneurship in the state, with a focus on solving real-world problems and creating impactful solutions.
In conclusion, Goa’s ranking as the Best Performer in Category B in the States’ Startup Ecosystem Ranking is a significant achievement that reflects the state’s coordinated efforts in promoting innovation and entrepreneurship. The state’s strong network of incubators and accelerators, favorable business environment, and focus on innovation and entrepreneurship have all contributed to its success. As the startup ecosystem in India continues to grow and evolve, Goa is well-positioned to play a leading role in promoting entrepreneurship and innovation in the country.
News Source: https://ascendants.in/industry_events/dpiit-ranks-goa-best-performer-category-b-startup-ecosystem/
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