Thursday, August 31, 2017

100 Innovative Startups Picked Out of 1,700 Applications for Elevate

ELEVATE 100, the entrepreneurship platform of the Karnataka government to select 100 innovative startups, has helped the state to look at innovation happening across the state, said Minister for IT, BT & Tourism, Priyank Kharge.

Speaking at a media interaction, at the Elevate 100 event, he said selecting 100 innovative startups out of 1,700 applications was a tedious task.

“We organised three month-long pitching sessions at Mysuru, Kalaburagi, Mangaluru, Hubballi and Bengaluru. This helped us to narrow down to 300 startups and later select 111 startups for the continuous mentoring programme and Rs 35 crore grant. We have selected 11 rural and 19 women entrepreneurs,” Kharge said.

He said the selection process helped the government in enhancing industry and government collaboration and strengthen innovation prowess of Karnataka.

“The efforts of Karnataka government doesn’t stop at elevating the chosen 100. We see ELEVATE 100 as a continuous process where the best ideas from the state gets the support and guidance they deserve,” he said.

The startups selected include electronics system design & manufacturing (ESDM -27), Life Sciences (19), BioTech (11), Agri-Tech (11), animation, visual effects, gaming & comic Sector (AVGC- 4), Clean Tech (4), and information technology enabled services (26). Women Entrepreneurs -19, Rural -11.

During the two-day Elevate 100 conference, the state government signed eight MoUs to cater to the needs of the identified startups.

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