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Karnataka unveils new accelerator programme to support 302 growth-stage startups

Money Control

Money Control · 9m ago

Karnataka unveils new accelerator programme to support 302 growth-stage startups

The Karnataka government has launched the Karnataka Acceleration Network (KAN), an accelerator program aimed at supporting growth-stage startups across the state, with a focus on regions outside of Bengaluru. KAN will provide mentorship, market access, and funding opportunities to nurture a vibrant startup ecosystem. The initiative is expected to benefit 302 startups over six cohorts within three years. The government has also launched ELEVATE 2024, a grant-in-aid seed fund scheme to support early-stage startups. Karnataka aims to solidify its reputation as a leading hub for innovation and entrepreneurship through these initiatives.

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