Karnataka, especially its capital city Bangalore, has always been the face of the startup ecosystem in India.
The recent appointment of IT and BT (bio-tech) minister Priyank Kharge has added new fire power to the startup ecosystem in the state. Under his helm, the government has launched a startup cell in the state, where startups can register and post evaluation via a panel of government and industry experts; they will be entitled to certain benefits.
Speaking at the Entrepreneur India Summit in New Delhi held last month, Kharge opened up about how his government is going to address problems that surround every budding entrepreneur.
“The government of Karnataka strongly believes that it’s not about ideas, but it’s about making ideas happen. Karnataka was the first state in the country to envision IT as a surprise industry and drew up an IT industry policy way back in 1999-2000. This vision of ours has today accelerated Bangalore as the second largest technology hub in the world,” he said.
Kharge strongly emphasized Bangalore’s lead not only in the technology domain, butalso in bio-sciences, geographical information technology and nano-sciences. Apart from Bengaluru, Kharge said that the state’s success story lies in the fact that even smaller cities in like Udupi, Mangalore and Mysore have clocked about $25 million- $30 million in startup funding last year.
“The objective of the state is to ensure that Bangalore continues to remain the startup hub and also make other tier-two cities as startup destinations,” he said.
The two Ps -- Policies and partnerships
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