Gujarat tops first-ever start-up ranking of states by the Department of Industrial Policy and Promotion (DIPP), ahead of states such as Karnataka, Kerala, Odisha, and Rajasthan.
The first-ever States’ Start-up Ranking 2018 by the DIPP, released on Thursday, also showed major states remain a top draw for start-ups, while smaller states and the Northeast remain untouched by the start-up revolution. India currently has the third-largest start-up ecosystem worldwide.
The ranking is based on 38 specific action points divided across seven broad categories that include the states’ start-up policy and implementation, incubation support, seed funding, angel and venture funding, simplification of