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      Home Business

      Karnataka Launches Seed Funds For Technology Startups to Invest Beyond Bengaluru

      by Shubham Dayal
      March 19, 2023
      in Business, Finance
      Reading Time: 2 mins read
      Karnataka

      The Buzz News on Google News

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      Karnataka Initiative For Startups

      The Karnataka Government initiated the three programs aimed at Mysore and other parts of the states to expand the information technology and startup ecosystem in Bengaluru.

      IT-BT Minister CN Ashwath Narayan launched Mysuru Cluster Seed Fund, Mysuru Global Technology Centre, and Karnataka Accelerator Network as part of the Karnataka Digital Economy Mission to support startups.

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      He said we encourage more startups and firms to invest beyond Bengaluru. As a result, the government plans incentives for startups to push them to move in southern to another district. They planned 25 crore seed funding for around 80 startups in the same region. They also inaugurated 3000 seats of plug-and-play office infrastructure in the Whitefield area of Bengaluru.

      Karnataka

      Also Read: Most Popular UPI App Phonepe Raised Another $200 Million from Walmart.

      Around Nine companies showed their interest via letters. According to the KDEM Minister, this infrastructure would generate around 1000 jobs annually.

      He also announced that the Bengaluru Tech Summit would be held from November 29, 2023, to December 01, 2023.

      Tags: KarnatakaSeed FundsStartup
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