Karnataka IT-BT minister Priyank Kharge on January 5 mentioned that 817 startups have enrolled for the state authorities’s startup assist programme Elevate 2023.
The state authorities has allotted Rs 20 crore for 100 startups underneath this programme.
“817 startups have enrolled for Elevate 2023, highlighting Karnataka’s standing as probably the most beneficial atmosphere for innovation and entrepreneurship. Karnataka authorities is dedicated to supporting startups’ progress by offering complete help in each doable method,” mentioned Kharge.
Karnataka IT Secretary Ekroop Caur instructed Moneycontrol, “We now have obtained an awesome response from startups for the Elevate programme. The highest pitches can be chosen for government-aided assist to scale up their product or answer to the following degree.”
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Authorities assist features a grant-in-aid of as much as Rs 50 lakh every, incubation assist, mentoring by specialists, a booster equipment, incentives, and VC connects.
Elevate Karnataka, which began in 2015, has offered practically Rs 197 crore to round 874 startups. Elevate programme will establish startups working within the fields of IT, Digital System Design Manufacturing, Animation Visible Gaming & Comics, Biotechnology, Prescribed drugs, Agriculture, and Life Sciences, and so on. Below Elevate Unnati, the state authorities can also be encouraging startups from SC and ST communities.
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“The initiative goals to offer a complete entrepreneurship platform for startups, providing entry to mentors, networking alternatives, funds, concept validation and incubation amenities, amongst others. These contributions throughout sectors act as a catalyst for the event of startups. This system affords a major alternative for chosen startups to obtain assist, mentorship, and assets to speed up their progress” mentioned an official within the IT division.
