No. of startup companies touch 8,625 as on 30 March 2018 | Current Affairs, Current Affairs 2017

No. of startup companies touch 8,625 as on 30 March 2018

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Number of startup companies incorporated as on 30th March 2018 has touched 8,625 up from 2,711.

According to the data available with Startup India, a total of 8,625 Start-ups have been recognised as on 30 March, 2018.
In a written reply, Minister of State of Commerce & Industry, C R Chaudhary to Rajya Sabha today. 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.
Elaborating further, the Minister 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.

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