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 towards creating 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 coordinated efforts of the government and the ecosystem in Goa.
The award was received by Dr. Milind of the Directorate of Information Technology, Electronics, and Communication (DITE&C), along with D S Prashant of the Startup Innovation and Technology Park of Goa (SITPG). This achievement is a significant milestone for the state of Goa, which has been working tirelessly to promote entrepreneurship and innovation. The ranking is a result of the national startup policy assessment, which evaluates the performance of states and union territories based on various parameters such as institutional support, simplification and regulation, funding, and incubation.
Minister Rohan A Khaunte credited the coordinated government and ecosystem efforts behind this achievement. He stated that the government’s efforts to create a favorable business environment, coupled with the support of the ecosystem, have contributed to this success. The minister also emphasized the importance of continued support and collaboration between the government, industry, and academia to further promote the startup ecosystem in Goa.
Goa’s startup ecosystem has been growing rapidly, with a number of incubators, accelerators, and coworking spaces coming up in the state. The government has also launched several initiatives to support startups, including funding schemes, mentorship programs, and tax incentives. The state’s proximity to major cities, good infrastructure, and favorable business environment have made it an attractive destination for entrepreneurs.
The DPIIT ranking is a significant recognition of Goa’s efforts to promote entrepreneurship and innovation. Category B states are those with emerging startup ecosystems, and Goa’s ranking as the Best Performer in this category is a testament to the state’s potential to become a major startup hub. The ranking is based on a comprehensive assessment of the state’s startup ecosystem, including factors such as the number of startups, funding, and innovation.
The startup ecosystem in Goa is diverse, with startups operating in various sectors such as technology, healthcare, education, and sustainable energy. The state is home to a number of successful startups, including those that have received funding from national and international investors. The government’s support and the ecosystem’s efforts have created a favorable environment for startups to grow and scale.
The national startup policy assessment is an annual exercise that evaluates the performance of states and union territories based on their startup ecosystems. The assessment is based on a set of parameters, including institutional support, simplification and regulation, funding, and incubation. The ranking is done in three categories: Category A, Category B, and Category C, based on the maturity of the startup ecosystem.
Goa’s ranking as the Best Performer in Category B is a significant achievement, and it reflects the state’s commitment to promoting entrepreneurship and innovation. The government and the ecosystem must continue to work together to support startups and create a favorable business environment. This includes providing funding, mentorship, and other resources to startups, as well as creating a regulatory environment that is conducive to innovation and growth.
In conclusion, Goa’s ranking as the Best Performer in Category B in the States’ Startup Ecosystem Ranking by DPIIT is a significant achievement. It reflects the state’s commitment to promoting entrepreneurship and innovation, and it is a testament to the coordinated efforts of the government and the ecosystem. The state must continue to build on this momentum and create a favorable business environment that supports the growth and scaling of startups.
Source: https://ascendants.in/industry_events/dpiit-ranks-goa-best-performer-category-b-startup-ecosystem/
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