ELEVATE100, India’s first comprehensive
entrepreneurship platform, moved into fast lane on Saturday, November 18,
2017, with the Government of Karnataka earmarking Rs 20.03 crore to fund
startups who were selected after 4 rigorous rounds in a 2-month long grueling
contest.
The final list of Elevate100 Startups covers the
entire gamut of the startup ecosystem in Karnataka. In all, 38 IT/ITES startups
were sanctioned a grant of Rs 5.50 crores, 27 MedTech startups were sanctioned
Rs 4.30 crores, 17 ESDM startups were allotted Rs 3.6 crores, 12 BT startups
got Rs 2.80 crores, Rs 1.33 crore was earmarked for 6 AVGC startups, 4
Agriculture startups were sanctioned Rs 1 crore, Rs 40 lakh for 3 CleanTech
startups and 4 startups working in the field of Aerospace & Aviation were
sanctioned Rs 1.10Crore.
“Ideas transform cultures and ecosystems, and it's
incredible to be a part of that,” said Priyank Kharge, Karnataka minister for
IT, BT & Tourism.
“The efforts of Karnataka government don’t stop at
elevating these chosen 100. We see ELEVATE 100 as a continuing process where
the best ideas from the state gets the support and guidance it deserves,” the
minister said.
“The incredible journey of Elevate100 through the
length and breadth of the state also changed my perspective on the quality of
talent we have here. Even the smallest lanes of an interior town in Karnataka
has something offer which can truly change the world. Elevate100 shines night
on our incredible social capital,” Kharge said.
“I’m fond of this quote by Leo Tolstoy — “Everyone
thinks of changing the world, but no one thinks of changing themselves.” People
are connected, informed, empowered and demand a more responsive governance.
Elevate100 sets the stage for a new era of governance that’s more human,
purposeful and adaptive,” the minister said.
ELEVATE 100 programme, an initiative of the Department
of Information Technology and Biotechnology, Government of Karnataka, traversed
the length and breadth of the state in a rigorous hunt to pick the top 100
startups and help them turn their ideas into successful businesses. The
Pitching Sessions were held in Mysuru, Kalaburagi, Mangaluru, Hubballi and
Bengaluru, where around 1,700 startups pitched to elevate their ideas to
successful ventures. The initiative also attracted 350 women entrepreneurs and
400 applicants from the rural areas. The selected startups will have access to
Karnataka Government’s Rs 400 crore start-up fund besides access to Government
VC funds, pilots, private VC funds, world class accelerators and mentors.
Thanks to the 8 MoUs inked by Karnataka government on
the sidelines of the ‘Elevate 100 Conference’ in Bangalore on August 30,
the selected 111 startups will receive additional support and assistance from a
host of private players.
While Google will provide $3000 worth of cloud credits
for startups registered with Startup Cell, PricewaterhouseCoopers will provide
mentorship and consulting services for sustainable growth of registered
startups. Yes Bank will offer banking services, API Integration and customized
solutions and Kotak Bank will help startups set up business by providing
assistance in registration processes, accounting, income tax returns, GST
returns and tax audits among other support. TiE, Assocham and 3M to mentor
startups in different areas and Growth Enabler to help in profiling the
startups for provide greater visibility on digital space.
No comments:
Post a Comment