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

Number of potholes in Bengaluru jump from 1,655 to 3,071 overnight
Vocal chords for monkeys, bulls to talk in Sanskrit, Tamil: Self-styled godman Nithyananda's claims go viral
Will work hand in hand to adopt e-mobility: Union Minister Ananth Geete
Special investigation team gets custody of Narendra Dhabolkar murder accused
Karnataka State Road Transport Corporation plans to use biodiesel in 220 buses