Kerala tops in states’ ‘Startup Ranking’ for 2022; Tamil Nadu is ‘Best performer’

The state’s efforts to encourage startups involved in bringing ambitious changes in the rural sector also enabled Kerala to win the laurel.

ByPTI

Published Jan 17, 2024 | 10:35 AMUpdatedJan 17, 2024 | 10:35 AM

Kerala startup

Kerala has been ranked as one of three best-performing states in the Startup Ranking 2022 released by the Union Ministry of Commerce and Industry.

Union Commerce Minister Piyush Goyal announced this in New Delhi on Tuesday, 16 January, while revealing the entire list of rankings on the occasion of National Startup Day, an official statement said in Thiruvananthapuram.

Meanwhile, Tamil Nadu was recognized as the “Best Performer in the States” at the fourth edition of Startup India Ranking 2022.

Tamil Nadu received the maximum score of 100 percent in three out of seven reform areas such as institutional and funding support, and capacity building among others.

Also Read: Revanth Reddy kicks off ‘Invest in Telangana’ campaign at WEF

Support for the rural sector

The “Best Performer” is the top most startup ranking level, followed by the “Top Performer” title, which was also won by Kerala earlier for the last three years for providing institutional support to startups, students and women entrepreneurs, besides providing nascent companies enormous opportunities to interact with investors through programmes such as IGNITE, it said.

The state’s efforts to encourage startups involved in bringing about ambitious changes in the rural sector also enabled the southern state to win the laurel.

Commenting on the achievement, Kerala Startup Mission (KSUM) CEO 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 for giving 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,” he said.

Also Read: Centre lauds Kerala’s proactive role in promoting startup ecosystem

Top performer

The areas where Kerala emerged as the national topper were resource development, investment leadership, procurement leadership, sustainable development, incubation, mentorship services, innovation and best institution.

Of the 5,000 startups registered under KSUM, 250 have entered the market, the statement said adding that more than 100 of them are run by women entrepreneurs.

The state has 50 incubators across its 14 districts. KSUM holds five awareness programmes annually for the state’s government employees and 15-plus projects to mobilise investments.

Kerala has more than 40 startups engaged in renewable energy, eco-sustainability, climate change and rural development, the statement added.

KSUM, which was established in 2006 under the Kerala government, works for entrepreneurship development and incubation activities in the state.

Also read: Kerala Startup Mission to transform into LEAP Coworks

Commitment towards startups

Tamil Nadu’s consistent improvement in this ranking is a testament to the state government’s commitment towards startups. The state had secured the “Leader” category in the States’ in 2021 during the third edition of the “Startup India Ranking” event, a press release said.

A 100 percent score in “Reform Area” implies that Tamil Nadu has performed better than all other participating states and union territories.

“Extremely happy to share that Tamil Nadu is ranked as the Best Performer State (No 1 Category) by Startup India 2022 ranking. The current government has taken the state from the last band to the first band within the two and half years which is a remarkable achievement,” StartupTN Mission Director and CEO, Sivarajah Ramanathan said in a social media post.

Micro, Small, and Medium Enterprise Department Secretary Archana Patnaik and Industries Department Secretary Arun Roy received certificates of recognition at the event held in Bharat Mandapam, New Delhi.

According to DPIIT, the Startup India Action Plan was launched in 2016 with the objective of supporting entrepreneurs, building up a robust startup ecosystem, and transforming India into a country of job creators instead of job seekers. DPIIT acts as the nodal department for coordinating the efforts of all central government departments and state governments to take this plan forward.

(Disclaimer: The headline, subheads, and intro of this report along with the photos may have been reworked by South First. The rest of the content is from a syndicated feed, and has been edited for style.)