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Decoding The Rapid Rise Of Rajasthan’s Startup Ecosystem
- Rajasthan has seen a significant growth in its startup ecosystem with over 5.2K DPIIT-registered and 6K iStart registered startups.
- Key sectors driving Rajasthan's startup ecosystem include fintech, ecommerce, cleantech, edtech, and healthcare.
- Jaipur leads as the primary startup hub in Rajasthan, with other cities like Udaipur, Jodhpur, Kota, and Bikaner emerging as innovation centers.
- The iStart Programme by the state government provides critical support through funding, mentorship, and infrastructure for startups.
- Rajasthan's startup ecosystem focuses on sectors like AI, blockchain, cleantech, fintech, and green energy for tech-driven growth.
- A report highlights Rajasthan's journey as a thriving tech startup hub, with Jaipur housing over 45% of all startups in the state.
- 48% of startup founders in Rajasthan are women, reflecting a commitment to gender diversity in entrepreneurship.
- Rajasthan has seen a 35% CAGR growth in venture capital funding between 2021-2024, attracting investments from local and global investors.
- iStart initiative by the Rajasthan government has created over 29,000 jobs and onboarded more than 4,000 startups since 2017.
- The state's startup ecosystem calls for deeper collaboration, sustainable growth focus, support for women founders, and sector-specific accelerators.
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