Kerala

Kerala named ‘Top Performer’

A shot in the arm for the State in start-up rankings

Kerala has received a shot in the arm for its efforts in nurturing the start-up ecosystem of innovators and entrepreneurs, with the Government of India recognising its initiatives in a nationwide ranking of States’ performance in the field.

The Kerala Startup Mission (KSUM), the nodal agency for entrepreneurship development and incubation activities in the State, received the honour of ‘Top Performer’ in the annual States’ start-up 2018 ranking exercise held in New Delhi.

Gujarat’s distinction

A total of 27 States and 3 Union Territories participated in the start-up ranking exercise. The other States which received the ‘Top Performer’ ranking included Karnataka, Odisha and Rajasthan.

The State of Gujarat bagged the ‘Best Performer’ ranking.

The ‘Top Performers’ category recognises States which have displayed visionary leadership and took strategic initiatives to strengthen innovation and entrepreneurship ecosystem, the States’ Start-up Ranking 2018 report said.

The ranking framework was based on seven pillars: start-up policy and implementation, incubation support, seed funding support, angel and venture funding support, simplified regulations, easing public procurement, and awareness and outreach.

“As a State with very limited industrial activity, Kerala has focussed on development of start-ups. And we have had India’s first State start-up policy way back in 2014.

This recognition is testimony to the work we have done,” said Saji Gopinath, CEO, KSUM, after accepting the honour from Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

Achievements

Some of Kerala’s major achievements highlighted by the States start-up ranking include the State’s policy support for start-ups since 2014; the setting up of entrepreneurship cells in all districts of the State; and an institutional mechanism for financing startups — Kerala Startup Corpus Fund.

According to the ranking, Kerala is also recognised as a leader for start-up policy implementation, incubation hubs, seeding and scaling innovation, as well as awareness and outreach in the field of start-ups.

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Printable version | Mar 29, 2020 3:46:03 PM | https://www.thehindu.com/news/national/kerala/kerala-named-top-performer/article25790338.ece

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