Bengaluru: Under the ‘Elevate Karnataka’ programme, the State Government plans to allocate approximately Rs. 20 crore to support about 100 startups this year. Startups seeking funding and mentorship for scaling up can submit applications until December.
Priyank Kharge, the Minister for Information Technology and Biotechnology, Rural Development and Panchayat Raj, announced that the Government will offer a one-time grant of up to Rs. 50 lakh to each startup, aiming to boost innovators in need of early-stage funding.
