Karnataka To Fund 101 Startups Under ELEVATE 2024

Karnataka To Fund 101 Startups Under ELEVATE 2024

SUMMARY

Karnataka has allocated INR 25 Cr as grant-in-aid to nurture and support the selected startups

Startups will also receive mentoring and networking opportunities which would help them access relevant resources to scale, compete globally and create jobs in the state

As part of ELEVATE programme launched in 2015, early-stage startups are given a one time grant of up to INR 50 Lakh to scale their business

The department of electronics, information technology and biotechnology (IT & BT) of Karnataka has shortlisted 101 startups under its ELEVATE 2024 programme for funding.

In a post on LinkedIn, Karnataka’s IT & BT minister Priyank Kharge said that the department has allocated INR 25 Cr as grant-in-aid to nurture and support the selected startups.

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