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Kerala, Karnataka, Tamil Nadu, Himachal, Gujarat Are Best Performing States for Startup Development

Telangana, Maharashtra, Odisha, Punjab, and Rajasthan have been classified as the top-performing states.

New Delhi: Kerala, Karnataka, Tamil Nadu, Himachal Pradesh and Gujarat have been ranked as the best performers in the fourth edition of the States’ Startup Ranking (2022).

The ranking is based on their initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.

The ‘Best Performer’ is the top most startup ranking level, followed by the ‘Top Performer’ title.

Gujarat topped the list of best performers, Deccan Herald reported. While Gujarat has been ranked as the best performer for the fourth time in a row, Karnataka has won the spot for the second consecutive year, the Times of India reported.

Telangana, Maharashtra, Odisha, Punjab, and Rajasthan have been classified as the top-performing states.

According to PTI, Kerala had won the ‘Top Performer’ title for the last three years.

“Proudest moment as Kerala topped the 4th edition of States’ Startup Ranking by @DPIITGoI. It comes as a testament to Kerala’s unwavering commitment in fostering a robust startup ecosystem, exemplified by a series of initiatives under @startup_mission. This propels our prospects of becoming a knowledge economy,” Kerala chief minister Pinarayi Vijayan posted on X (formerly Twitter).

Proudest moment as Kerala topped the 4th edition of States’ Startup Ranking by @DPIITGoI. It comes as a testament to Kerala’s unwavering commitment in fostering a robust startup ecosystem, exemplified by a series of initiatives under @startup_mission. This propels our prospects…

— Pinarayi Vijayan (@pinarayivijayan) January 16, 2024

Kerala Startup Mission (KSUM) chief executive Anoop Ambika said the state achieved the result following its committed measures towards sustaining a vibrant ecosystem and an incubation system backed by modern technology and policy support.

“We are implementing a comprehensive policy forgiving an impetus to the startups in the state. In 2002, Kerala had topped in all the seven sectors on which the Centre had called for reformation, he recalled. The result today reflects the state government’s uncompromising attitude that made the path towards startup development obstruction-free,” PTI quoted him as saying.

Kerala has emerged as the national leader in various aspects of entrepreneurship and startup development, according to an official statement. The areas where Kerala excelled include resource development, investment leadership, procurement leadership, sustainable development, incubation, mentorship services, innovation, and best institution.

Kerala has registered 5,000 startups under the KSUM, with 250 of them entering the market, and over 100 being run by women entrepreneurs.

The state boasts 50 incubators across its 14 districts and actively promotes awareness programmes and projects to mobilise investments.

KSUM, established in 2006 by the Kerala government, focuses on entrepreneurship development and incubation activities in the state, with a significant presence in renewable energy, eco-sustainability, climate change, and rural development startups.

Tamil Nadu was recognised as ‘Leader’ in the 2021 ranking, which was the third edition. In the first two editions, the state was categorised in the bottom-most category of ‘Emerging Ecosystem’, the Hindu BusinessLine reported.