Bengaluru, India’s startup hub, has received a significant boost with the Karnataka government’s investment of Rs 60 crore into 263 startups. The state, home to 45 unicorns and over 14,000 registered startups, is solidifying its position as a thriving ecosystem for innovation and entrepreneurship.
Karnataka Government Elevate Program
The Karnataka government’s Elevate program, designed to support startups at various stages, has been instrumental in fostering a conducive environment for entrepreneurs. By providing grants of up to Rs 50 lakh, the program has empowered over 980 startups, with a special focus on women-led and deep-tech ventures.
Kitven Foods
Furthermore, initiatives like the Kitven Funds, Beyond Bengaluru Cluster Seed Fund, and NAIN are driving innovation across the state. With over 80 accelerators, incubators, and the backing of thousands of investors, Bengaluru’s startup ecosystem is poised for continued growth and success.
The government’s commitment to nurturing startups is evident in its efforts to create a robust infrastructure and support system. By investing in early-stage companies and providing access to resources, Karnataka is positioning itself as a global leader in the startup landscape.
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