Wednesday, August 30, 2017

Karnataka Govt Elevate 100 Initiative Takes Startups to Greater Heights

Karnataka IT, BT and Tourism Minister Priyank Kharge on Tuesday said the state government doesn’t stop at elevating the chosen 100. We see ELEVATE 100 as a continuing process where the best ideas from the state gets the support and guidance it deserves i.e. greater heights.

Hundred of the Karnataka innovative start-ups have got a bright opportunity as the Karnataka government opened its two-day grand finale of Elevate 100 platform at the Lalit Ashok, Bengaluru from August 29, 2017.

Speaking at the inaugural session, Kharge said “ELEVATE 100, after its extensive roadshow along the length and breadth of the state helped us to mature into a startup platform. We want to continue with it and not only assisting the 100 startups but also other eligible startups in the state.

“This is just one of the many initiatives aimed at creating the largest pool of talented entrepreneurs in Karnataka. Areas like AI & Robotics are already being nurtured through various Centres of Excellence. Our target is to create 20,000 successful start-ups by supporting them through continuous engagement, says Gaurav Gupta, Principal Secretary, Department IT, BT & ST, Government of Karnataka.

A brainchild of the Government of Karnataka, ELEVATE 100 is a combined initiative of the Start-up Cell and the Karnataka Biotechnology and Information Technology Services (KBITS). 

The two day grand finale nurturing the most innovative hundred startups, got off with an overwhelming participation of startups in deep tech, ecommerce and other services sectors.

Over the last few months, ELEVATE 100 roadshow traversed the length and breadth of the state in a rigorous hunt to pick the 100 most innovative start-ups and help them turn their ideas into successful businesses. This initiative will give them access to the government’s Rs 400 crore start-up fund as well as offer mentoring from industry experts, idea validation, advisory and legal support.

The initiative will give startups access to the Government’s Rs 400 crore start-up fund as well as offer mentoring from industry experts, idea validation, advisory and legal support.

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