Top News

Karnataka becomes first Indian state to have Startup Policy

  • Karnataka has become
    the first Indian state to have a startup policy with the Cabinet clearing it,
    state Information Technology and Bio-Technology Minister S.R. Patil said,
    according to a
    Press Trust of India
    report.
  •  
  • “Karnataka is
    the first state in India
    to come up with a Startup Policy. It will have a timeframe of five years from

    • Karnataka has become
      the first Indian state to have a startup policy with the Cabinet clearing it,
      state Information Technology and Bio-Technology Minister S.R. Patil said,
      according to a
      Press Trust of India
      report.
    •  
    • “Karnataka is
      the first state in India
      to come up with a Startup Policy. It will have a timeframe of five years from
      2015-2020,” said Patil at the Bangalore ITE.biz 2015 curtain raiser,
      adding the Cabinet approval was accorded on Thursday.
    •  
    • Principal Secretary,
      IT and BT, V. Manjula said that the policy entails setting up incubators in
      post graduate colleges, collaboration between R&D institutions and industry
      and technical business incubators in higher learning institutions among others.
    •  
    • “The operational
      guidelines and the finer aspects of the Startup policy and the quantum of money
      for the Startup fund are yet to be made. They will be drafted soon,” he
      said.
    •  
    • He added that funds
      will be released to colleges which will be given a handholding for three years
      and there will also be a Startup Policy review committee headed by the chief
      secretary.
    •  
    • Establishment of a
      Startup cell in KBITS and funding promising early stage startups are also the
      features of the new policy.

     

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close