Over 800 Startups Sign Up For Karnataka's 'Elevate 2023' Startup Program
Karnataka's Innovation and Technology Minister, Priyank Kharge, revealed that 817 startups have enrolled for the state’s initiative ‘Elevate 2023’ to support disruptive ideas.
The enrollment numbers for Elevate 2023 have more than doubled compared to six years ago, signifying an expanding startup ecosystem. The IT/BT department's Elevate/Idea2PoC scheme is designed to identify innovative startups and offers government support for scaling up products or solutions. Eligibility criteria include startups registered in Karnataka with revenues exceeding Rs 100 crore since their inception, within a maximum age limit of 10 years.
In his post on X, Minister Kharge said, “The Government of Karnataka is committed to supporting startups’ growth by providing comprehensive assistance in every possible manner.”
In addition to the Elevate initiative, Kharge announced plans for a Centre of Excellence for Wireless and Wired Technologies in Bengaluru. This centre will look to serve as a focal point for research, innovation, and skills development.
A meeting held in Bengaluru outlined the state's commitment to becoming a leader in connectivity, leveraging the potential of the Centre of Excellence to further boost Karnataka's standing in technological advancements.
