Over 8,500 startups recognised as on March 30 Back to News & Events List


Minister of State of Commerce & Industry C. R Chaudhary on Wednesday said that a total of 8,625 Start-ups have been recognised as on 30 March, 2018. 
 
As per the data available with Startup India, a total of 8,625 Start-ups have been recognised as on 30 March, 2018, said C. R Chaudhary in a written reply in the Rajya Sabha.
 
2,711 start-ups where incorporated in 2017-18 
 
The Minister said that Department of Industrial Policy and Promotion (DIPP) has issued detailed norms to assess the performance of States in promoting Startups on 6th February this year.
 
He said this initiative will help bring to fore progress made by the States and Union Territories for promoting Startup ecosystem, foster competitiveness and propel them to work proactively to identify, learn and replicate good practices.
 
The Minister further said that the ‘State Startup Ranking Framework’ is spread across 7 areas of interventions with a total of 38 action points and overall score of 100 marks.
 
The areas of interventions include Startup policy and implementation, incubation support, seed funding support, venture funding support, simplified regulations, ease of public procurement and awareness and outreach.
 
 
Source: SME Times

Recent News


11

08/2018
India-Myanmar border opens for trade

India's border with Myanmar was formally opened on Wednesday to facilitate trade between the two countries, officials said.   A function was held in the morning on...

25

07/2018
India extends $200 million credit lines to Rwanda; PM Modi holds talks with President Kagame

India on Monday extended $200 million lines of credit to Rwanda as Prime Minister Narendra Modi held wide-ranging talks with President Paul Kagame and discussed measures to st...

09

07/2018
India does not subsidise exports, complies with WTO norms: Suresh Prabhu

Dispelling the misconception that India subsidises its exports, Commerce Minister Suresh Prabhu today asserted that the country fully complies with the guidelines of the WTO, w...

21

06/2018
India Says US Trade Preference Program Enhances Pace Of Economic Reforms

India today told the Trump administration that the Generalized System of Preference program (GSP) would enhance India's development and the pace of economic reforms, urging...