Goa named Best Performer in DPIIT Category B startup ranking
The startup ecosystem in India has been gaining momentum over the years, with various states and union territories working towards creating a conducive environment for entrepreneurs to thrive. In a recent development, the Department for Promotion of Industry and Internal Trade (DPIIT) has released its States’ Startup Ecosystem Ranking, and Goa has emerged as the Best Performer in Category B. This achievement is a testament to the state’s efforts in fostering a vibrant startup ecosystem, and it is expected to have a positive impact on the local economy and innovation landscape.
The award was announced at the National Startup Day in New Delhi, where Dr. Milind of the Directorate of Information Technology, Electronics, and Cybersecurity (DITE&C) and D S Prashant of the Startup Innovation and Technology Park (SITPC) received the honor on behalf of the state. Minister Rohan A Khaunte credited the coordinated efforts of the government and ecosystem stakeholders for this achievement, highlighting the importance of collaboration in driving the growth of the 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 and entrepreneurship. The ranking is based on a set of parameters, including institutional support, ease of doing business, funding, and innovation, among others. 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 working tirelessly to create a favorable environment for startups, with initiatives such as the Goa Startup Policy, which aims to provide support and incentives to entrepreneurs. The state government has also established institutions like the Startup Innovation and Technology Park (SITPC) to provide infrastructure and resources to startups.
The recognition by DPIIT is expected to boost the morale of the startup community in Goa and attract more entrepreneurs and investors to the state. The state government has been working to create a holistic ecosystem that supports startups at every stage of their journey, from ideation to scale-up. The government has also been engaging with stakeholders, including entrepreneurs, investors, and academia, to understand their needs and provide tailored support.
One of the key factors that contributed to Goa’s success is its focus on innovation and technology. The state has been actively promoting the use of technology to drive economic growth and improve the quality of life for its citizens. The state government has launched initiatives such as the Goa IT Policy, which aims to promote the use of information technology in various sectors, including healthcare, education, and governance.
The startup ecosystem in Goa is diverse, with startups operating in various sectors, including technology, healthcare, education, and tourism. The state is home to a number of incubators and accelerators, which provide support and resources to startups. The state government has also established a network of mentors and experts who provide guidance and advice to entrepreneurs.
The recognition by DPIIT is not only a testament to the state’s efforts in promoting startups but also a reflection of the coordinated approach adopted by the government and ecosystem stakeholders. The state government has been working closely with various stakeholders, including entrepreneurs, investors, and academia, to create a supportive ecosystem that fosters 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 that reflects the state’s commitment to promoting startups and entrepreneurship. The state’s focus on innovation and technology, coupled with its coordinated approach to supporting startups, has created a favorable environment for entrepreneurs to thrive. As the startup ecosystem in Goa continues to grow and evolve, it is expected to have a positive impact on the local economy and innovation landscape, and the state is poised to become a hub for entrepreneurship and innovation in the region.
Source: https://ascendants.in/industry_events/dpiit-ranks-goa-best-performer-category-b-startup-ecosystem/
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