77 start-ups win at Elevate,to get funds from state govt

Express News Service | Published: 12th September 2018 03:41 AM

BENGALURU:  The Karnataka government on Tuesday announced the winners of its start-up initiative Elevate 2018. As part of the programme, 77 start-ups were selected as winners from the state and they will receive funding from the state IT, BT and S&T department. The programme is run under the Startup Karnataka initiative of the Ministry of IT-BT and S&T and is part of the start-up policy launched by the state government in November 2015. 

Those selected include start-ups specialised in biotech, healthcare, agritech, fintech, logistic and clean-tech. The winners will receive a funding up to `50 lakh each from the state government. The government has earmarked `24 crore towards funding of these innovative start-ups, of which a `2 crore has been set aside for start-ups from Hyderabad- Karnataka region. For the second year running, the programme received over 600 applications from across the state.

More from this section

Pink cabs to ferry women to and from airport soon
Last 51 flexes to be removed this week
Who fines BBMP for dumping waste, ask residents 
Yediyur to become city’s first BESCOM power-free ward, solar plant to be inaugurated today 
School, parents join hands in helping kids ‘switch off’ 
Next >>