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India Needs IP Creation To become global innovation hub: Karnataka IT Secretary

OutlookIndia · 1m

Karnataka's IT Secretary, Ekroop Caur, emphasizes the need for India to develop its own intellectual properties (IPs) to become a global innovation hub. The state plans to support this by establishing a state-led venture capital fund and strengthening infrastructure in smaller towns. Collaborations with academic institutions like IISc and IIT Dharwad aim to provide world-class mentorship for startups. Bangalore, a major tech cluster, is focusing on creating Centers of Excellence and innovation labs to nurture startups.