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Karnataka government selects 101 startups under Elevate, offers Rs 25 crore in seed funding

Economic Times · 1m

Karnataka’s Elevate 2024 initiative has selected 101 startups, providing Rs 25 crore in seed funding. Of these, 42 are women-led, and 36 are from outside Bengaluru. The initiative aims to position Karnataka among the top three global startup ecosystems. Since inception, Elevate has disbursed Rs 249 crore to 1,084 startups. Highlights include focus on the AVGC sector and support for inclusive growth with 17 rural innovation startups identified.