Karnataka Sets Aside INR 600 Cr To Bolster Deeptech, AI Innovation

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SUMMARY

As part of the plan, INR 150 Cr will go into a new DeepTech Elevate Fund, which will focus on AI and frontier technologies

Another INR 80 Cr will be channelled via the Elevate Beyond Bengaluru Fund to promote startups in Mysuru, Mangaluru, Hubballi-Dharwad, and Kalaburagi. The state will also invest INR 75 Cr through the Karnataka Information Technology Venture Capital Fund

To strengthen its position as India’s leading innovation hub, the state government is also exploring an INR…



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Karnataka Sets Aside INR 600 Cr To Bolster Deeptech, AI Innovation


SUMMARY

As part of the plan, INR 150 Cr will go into a new DeepTech Elevate Fund, which will focus on AI and frontier technologies

Another INR 80 Cr will be channelled via the Elevate Beyond Bengaluru Fund to promote startups in Mysuru, Mangaluru, Hubballi-Dharwad, and Kalaburagi. The state will also invest INR 75 Cr through the Karnataka Information Technology Venture Capital Fund

To strengthen its position as India’s leading innovation hub, the state government is also exploring an INR…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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