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Karnataka State Sectoral Policies Supporting Industries and Startups

Karnataka has implemented several sectoral policies to bolster industries and startups, aiming to position the state as a global innovation hub.

Karnataka State Sectoral Policies Supporting Industries and Startups Karnataka has implemented several sectoral policies to booster industries and startups, aiming to position the state as a global innovation hub. Below is a detailed overview of these initiatives, structured for clarity and ease of understanding. 1. Karnataka Start-up Policy 2022-27 Objective: Stimulate the growth of 25,000 startups by 2027. Key Features: New Age Innovation Network (NAIN) Centres: Establishment of 50 NAIN centres in higher education institutions outside Bengaluru Urban district, with 35 focusing on IT/electronics and 15 on biotechnology. Each centre receives up to ₹5 lakh per student project (maximum of 10 projects annually) and ₹12 lakh annually for operational expenses. thehindu.com Venture Capital Fund: A ₹100 crore fund to support startups in emerging technologies such as artificial intelligence, machine learning, electric vehicles, med-tech, robotics, and drones. Notably, 25% of this fund is reserved f…

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