STOCK MARKET BSE NSE

100 innovative startups to get financial aid from state government

In order to encourage startups in Karnataka, the state government will come up with Elevate-2017, an initiative to help 100 new innovative startups.

Published: 05th July 2017 02:23 AM  |   Last Updated: 05th July 2017 07:44 AM   |  A+A-

By Express News Service

BENGALURU: In order to encourage startups in Karnataka, the state government will come up with Elevate-2017, an initiative to help 100 new innovative startups. Minister for IT-BT Priyank Kharge launched a dedicated website on Tuesday where startups can pitch their ideas to get selected.

Launching the website - www.elevate.bengaluruite.biz - Kharge said the state government has a startup policy which aims to have 20,000 startups in the next five years. “It could be from any sector -- from agriculture to aerospace. As part of this, the government launched Elevate-2017, which aims to choose the best 100 startups and provide financial aid to them,” he said.

“Our department will provide help like access to mentors, developing networking opportunities, idea validation, incubation facilities, etc. Not all startups need funding help, so we also provide technical and business support,’’ he said.The minister added that the Department will hold open house meetings with interested and aspiring people at Mysuru, Kalaburagi, Mangaluru, Hubballi along with Bengaluru. “Earlier, the focus was more on Bengaluru. For the first time, we are going to smaller cities to listen to startups.

This is an attempt to penetrate and encourage people in Tier-II cities. Officials will go to these places from August 5. On August 28, there will be a road show in Bengaluru,” he said.

Kharge added that people from all walks of life can pitch their ideas along with other details by logging into the website from Tuesday to July 18. “Our basic condition is the idea should be innovative and Karnataka-based,” he said. Priority will be given to women, he added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp