Maharashtra Most Innovative Economy: State Innovation Report 2016

innovation

The recently released results of India State Innovation Report 2016, which looks at various aspects that have had an impact on India’s Innovation Environment, has ranked Maharashtra as the most innovative Indian states in a survey of innovation environment, with Tamil Nadu, Karnataka, and Gujarat as frontrunners.

The report carries a state innovation index which looks at key innovation parameters within the states in India, and Maharashtra scored 64.88 out of 70 in the Industries, Innovation, and Entrepreneurship sector.

In terms of startup ecosystems, Mumbai, Chennai, Pune and Vadodara have topped the list as having a strong support system in the form of education, mentorship, and venture finance.

The report suggests that states in India should focus on developing an ecosystem of research, and promote cross-sharing of ideas on innovation that can be scaled at national and international level. It noted that at present few policies exist for innovation even in the most innovative states with the exception of Karnataka.