Bengaluru:Karnataka government will soon
launch a startup booster kit to encourage entrepreneurship and business
initiatives in the state, Karnataka IT Minister Priyank Kharge said it in his
inaugural address at opening of the two-day Global Mobile Apps Summit and Awards
2017 (GMASA2017) in Bengaluru yesterday.
Rs.400-crore fund to accelerate #startups in #Karnataka says Min. @PriyankKharge pic.twitter.com/VrOS50RqPY— Press Release Watch (@PrReleaseWatch) July 7, 2017
He said the government has a
startup policy to stimulate the spirit of entrepreneurship in the state. The
government has set up Rs 400-crore fund to accelerate 100 startups from each
sector. “The only objective is to help startups succeed. We provide all support
including idea validation, legal help, access to funds and mentorship.
Karnataka is the only state to set up an exclusive fund to support companies
that are into animation and gaming,” Kharge said. Startups will get subsidised
plans for high-speed internet, incubator facility, subsidised licence products,
mentor facility, financial experts, accounting and legal assistance as well to
create a conducive startup ecosystem in the state.
Welcoming Priyank Kharge on to
the stage, C R Venkatesh, Chairman, GMASA, said this edition of GMASA is
receiving 1,600 participants including mobile app developers, marketers,
managers and executive from some of the best companies around the world. The
event is being supported by 19 corporate partners and 12 sponsors.
