A Tale of Two States: Startup Excellence Journey of Odisha & Kerala

Kerala has been ranked as the Best Performer in the States' Startup Ranking for 2022, showcasing its dedication to fostering a robust startup ecosystem

Kerala has consistently held the Top Performer title for the past three years and has emerged as a national leader in various sectors such as resource development, investment leadership, sustainable development, and innovation

With 5,000 startups registered under the Kerala Startup Mission (KSUM), the state has successfully supported over 250 startups entering the market, with more than 100 of them being led by women entrepreneurs

Odisha has secured the top performer position in the State Startup Rankings for 2022, alongside Maharashtra and Telangana The state aims to support at least 5,000 startups by 2025 and has nurtured over 1,800 startups across various sectors.

Odisha boasts 27 incubators, including the expansive O-Hub, and continues to strengthen its position as a thriving hub for innovation

The State Startup Ranking Exercise aims to foster competition among states and encourage them to create a more favorable ecosystem for startups

States and Union Territories were classified into five groups based on their performance in various reform areas, and the scores were converted into percentiles to showcase relative performance

The rankings highlight the efforts of different states in supporting entrepreneurship and fostering startup growth

Both Kerala and Odisha have shown significant growth in their startup ecosystems and have transitioned from top performers to best performers in recent years

The success of these states exemplifies the importance of dedicated initiatives, funding support, and a conducive environment for startups to thrive