The Karnataka government
has signed memorandums of understanding (MoUs) with eight technology companies,
including Google and Amazon India, to help startups under its Elevate 100
programme. The state has selected 100 startups under the programme and will
provide them with mentorship and financial support from its Rs 400-crore
startup fund.
Google and Amazon Activate
will provide $3,000 worth of cloud credits for startups registered with the
government's Startup Cell and $20,000 worth of cloud credits to startups who
are winners of Elevate 100. Digital Ocean will provide $100 one-time credit and
a $1,000 one-time credit. Yes Bank, Kotak Bank, and Zoho will help the startups
with banking and accounting services. PwC and Legal Advisors will help them
with consulting services.
Priyank Kharge, IT, BT
& tourism minister, said: “The efforts of the Karnataka government doesn't
stop at elevating the chosen 100. We see Elevate 100 as a continuing process
where the best ideas from the state get the support and guidance they deserve.“
The winners, which were
selected from 1,700 applicants, operate in various sectors.
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