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817 startups enroll for Karnataka's startup programme ‘Elevate 2003’, says Priyank Kharge

Economic Times

Economic Times · 1y ago

817 startups enroll for Karnataka's startup programme ‘Elevate 2003’, says Priyank Kharge

Karnataka's Elevate 2023 program has attracted 817 startups, showcasing the state's support for disruptive ideas. The enrollment is more than double the figure from six years ago, indicating Karnataka's prominence in fostering innovation. The initiative provides comprehensive assistance for startups to scale up, reinforcing Karnataka's commitment to supporting startup growth. Eligible startups must be registered in Karnataka, with revenues exceeding Rs 100 crore since incorporation and not older than 10 years. The government aims to back innovative startups with the potential for employment generation, wealth creation, and scalable business models.

Related News

Karnataka’s Total Funding Support To Startups Stands At INR 264 Cr

Inc42 · 1y ago

Karnataka’s Total Funding Support To Startups Stands At INR 264 Cr

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.

Two flagship startup programmes launched in Karnataka; to tackle funding challenges

YourStory

YourStory · 1y ago

Two flagship startup programmes launched in Karnataka; to tackle funding challenges

The Karnataka Information Technology Minister, Priyank Kharge, has launched two initiatives, ELEVATE 2024 and KAN (Karnataka Acceleration Network), aimed at supporting and growing startups in the state. ELEVATE 2024 is a seed funding scheme that provides grants of up to Rs 50 lakh per startup, along with incubation, mentorship, and access to venture capital networks. KAN is an acceleration network that offers mentorship, market access, and funding opportunities for growth-oriented startups outside of Bengaluru. The initiatives aim to solidify Karnataka's position as an innovative and entrepreneurial hub.

AI disruptions will be brief as reskilling drives new jobs: Karnataka IT minister Priyank Kharge - The Economic Times

Economic Times

Economic Times · 4m ago

AI disruptions will be brief as reskilling drives new jobs: Karnataka IT minister Priyank Kharge - The Economic Times

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.

K'taka govt ready to be startups' 1st customer: State IT Minister

Inshorts · 2y ago

K'taka govt ready to be startups' 1st customer: State IT Minister

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.

Karnataka to create deep-tech innovation cluster in Bengaluru: IT-BT minister Kharge

Economic Times

Economic Times · 1y ago

Karnataka to create deep-tech innovation cluster in Bengaluru: IT-BT minister Kharge

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.

Russian trade team meets Karnataka IT minister to explore opportunities for tech collaboration

Economic Times

Economic Times · 22d ago

Russian trade team meets Karnataka IT minister to explore opportunities for tech collaboration

A Russian trade delegation met with Karnataka's IT Minister Priyank Kharge to discuss potential tech collaborations before the Bengaluru Tech Summit. The delegation aims to explore partnerships between Russian and Indian companies in areas such as Electronic Design Automation, Smart City Technologies, and Digital Engineering Solutions. Minister Kharge expressed support for Russian companies seeking market access or collaborations in Karnataka, India’s largest tech hub. The delegation's visit is seen as an opportunity to foster joint research and technology exchange.

Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms

Economic Times

Economic Times · 1y ago

Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms

Karnataka's IT minister Priyank Kharge met with the union IT minister Ashwini Vaishnaw to request fiscal incentives for the electronics and semiconductor sector. Karnataka is working on developing a conducive ecosystem for these industries and is already a leader in housing innovative companies and contributing to India's industrial output. Kharge emphasized the need for funding to support infrastructure upgrades, skill development, research and development, and other initiatives. He highlighted the presence of major companies in Karnataka, including Texas Instruments, Intel, Samsung, and General Electric, and the state's efforts in creating specialized clusters for electronics manufacturing.

Karnataka open to partnering with Meta for cybersafety: State IT Minister Priyank Kharge

Economic Times

Economic Times · 2y ago

Karnataka open to partnering with Meta for cybersafety: State IT Minister Priyank Kharge

Karnataka's IT Minister, Priyank Kharge, expressed interest in exploring partnerships with Meta to enhance digital cyber safety, particularly for women and children. He highlighted the need to prevent youngsters from falling into the trap of fraudulent loan apps. Kharge also mentioned discussions with Meta to tackle misinformation and disinformation online. Cybercrime cases in Karnataka accounted for over 20% of total police registrations last year, resulting in a daily loss of Rs 1 crore to cyber fraud. The state aims to increase awareness and recovery of lost funds in such cases.

Bengaluru-Berlin partnership to drive innovation, startup exchange: Priyank Kharge - The Economic Times

Economic Times

Economic Times · 4m ago

Bengaluru-Berlin partnership to drive innovation, startup exchange: Priyank Kharge - The Economic Times

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.

"I invite startups to join us": Kharge on Zepto moving to B'luru

IndianStartupNews

IndianStartupNews · 1y ago

"I invite startups to join us": Kharge on Zepto moving to B'luru

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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