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News on Medial
Govt To Introduce A ‘Single’ Platform For Startups, VCs To Ensure Better Collaboration: Priyank Kharge
Inc42
·
1y ago
Medial
The Indian state of Karnataka, particularly Bengaluru, remains the country's top startup hub despite a decline in funding. The state government has disbursed over INR 50 crore ($7 million) as grants and supported 208 startups in the past six months. Beyond funding, Karnataka provides support to startups through initiatives like the Global Innovation Alliance-Market Access Programme (GIA-MAP) and a public procurement policy for sourcing from startups. The government is working on strengthening the AI ecosystem in Bengaluru and attracting investments outside the state capital through its Beyond Bengaluru program. Additionally, outdated policies and excessive taxation on startups are among the challenges that need to be addressed.
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Fire at Bioinnovation Centre | Govt will see how affected startups can be funded: Priyank Kharge
Economic Times
·
6m ago
Medial
A fire at Bangalore Bioinnovation Centre affected around 30 startups, and the Karnataka government, led by IT/BT Minister Priyank Kharge, is committed to aiding their recovery. The government is assessing damages and plans to provide support through space, equipment, incubation, and funding, leveraging policies in place for startups. The minister emphasized the loss of critical innovations and pledged to ensure affected companies resume operations quickly by arranging alternative spaces and necessary equipment.
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K'taka govt ready to be startups' 1st customer: State IT Minister
Inshorts
·
1y ago
Medial
Priyank Kharge, Minister of IT, BT, and Rural Development and Panchayat Raj for the Government of Karnataka, shared the state government's five-point plan to boost the startup ecosystem. This plan includes forming a skill advisory committee, establishing centers of excellence, creating a global innovation alliance, expanding startup growth beyond Bengaluru, and improving ease of doing business. Kharge emphasized the importance of focusing on value and solving real-life problems rather than chasing valuation. The Karnataka government has implemented various initiatives such as the Elevate program and a state startup policy to support startups. Additionally, Kharge highlighted the government's efforts to encourage entrepreneurship outside of Bengaluru and facilitate direct access to venture capitalists.
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Karnataka to create deep-tech innovation cluster in Bengaluru: IT-BT minister Kharge
Economic Times
·
9m ago
Medial
Karnataka's IT-BT minister, Priyank Kharge, has revealed plans to propose a deep-tech innovation cluster in Bengaluru to support and nurture deep-tech startups. With the state budget for 2025 scheduled to be announced in March, Kharge has called for collaboration with the Karnataka Digital Economy Mission and NASSCOM to establish the cluster. He highlighted the thriving deep-tech ecosystem in Karnataka and emphasized that the state is ready to lead India's acceleration in deep tech. Kharge also expressed concerns about India's ranking on the Global Innovation Index and urged for improvements in intellectual property processes.
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Karnataka’s Total Funding Support To Startups Stands At INR 264 Cr
Inc42
·
1y ago
Medial
Karnataka's information technology and biotechnology minister, Priyank Kharge, announced that the state government has offered seed funding of INR 264 crore to 983 startups. Out of this, INR 60 crore has been provided to 263 startups under the government's ELEVATE scheme in 2022 and 2023. Kharge emphasized that the government is relying on startups to tackle the diverse challenges faced by the state.
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IT minister Priyank Kharge asks ecommerce, quick commerce to get their act together
Economic Times
·
5m ago
Medial
Karnataka’s IT-BT minister, Priyank Kharge, urged ecommerce and quick commerce platforms to enhance customer service and delivery or face possible regulations. Citing complaints about AI chatbots causing delays and uncertainty, Kharge emphasizes the need for effective customer interaction tools. While industry experts recognize AI’s limitations, they suggest an 80-20 approach (chatbots and humans) for better service. Meanwhile, companies acknowledge gaps in service and are open to government discussions to improve processes.
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"I invite startups to join us": Kharge on Zepto moving to B'luru
IndianStartupNews
·
1y ago
Medial
Following Zepto's decision to move its headquarters from Mumbai to Bengaluru, Karnataka IT Minister Priyank Kharge, in a post on X, said the city has the best startup ecosystem in the country. He said the move emphasises "Bengaluru's status as India's tech capital and a premier destination for startups." "I invite more startups to join us," he added.
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AI disruptions will be brief as reskilling drives new jobs: Karnataka IT minister Priyank Kharge - The Economic Times
Economic Times
·
5d ago
Medial
Karnataka's IT Minister Priyank Kharge predicts brief disruptions from AI, as reskilling initiatives like Nipuna Karnataka aim to equip 500,000 individuals for future tech jobs. Kharge highlights the state's lead in technology sectors, supported by significant IT exports, startups, and GCC presence, attracting real estate investments. The focus is on advancing skills in AI, cybersecurity, and digital forensics, ensuring both local and global industry demands are met while maintaining Karnataka's competitive edge.
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Bengaluru-Berlin partnership to drive innovation, startup exchange: Priyank Kharge - The Economic Times
Economic Times
·
1m ago
Medial
A joint partnership between Bengaluru and Berlin aims to foster innovation through collaboration in areas like fintech, AI, IT/Digitalisation, and Life Sciences. Signed by Karnataka's IT Minister Priyank Kharge and Berlin’s Mayor Franziska Giffey, this initiative promotes startup exchanges, women-led enterprises, and green innovation. A joint steering committee will oversee progress, and Berlin plans to establish a business office in Bengaluru. The delegation includes sectors like digitalization and aims to build partnerships in India.
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Karnataka minister Priyank Kharge urges EC to facilitate court-monitored EVM hackathon
Economic Times
·
1m ago
Medial
Karnataka’s IT/BT minister Priyank Kharge has urged the Election Commission to organize a court-monitored ethical hackathon and technical audit of electronic voting machines (EVMs). He proposes utilizing Karnataka’s tech ecosystem to examine EVMs, addressing concerns about electoral integrity raised by Rahul Gandhi regarding recent elections. Kharge highlighted issues such as mismatched vote counts and procedural gaps in elections, emphasizing the importance of transparency and calling for urgent action from the Election Commission.
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Karnataka wants to create 4-5 more Bengalurus: state IT minister
Economic Times
·
11m ago
Medial
The state of Karnataka in India plans to establish 4-5 additional regions similar to Bengaluru, the country's thriving tech hub, according to Priyank Kharge, the minister for electronics and information technology and biotechnology. By positioning Karnataka as a destination for knowledge and skills, Kharge aims to foster innovation not just in India but globally. With over one-third of the country's tech talent, close to 25,000 startups, and several unicorns, Karnataka is a significant technology cluster and has the potential to supply well-trained talent to the industry. However, there is a need for increased investment in high-value research and the encouragement of a culture that accepts failure in research projects.
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