Startups know Bangalore is where their heart is!
Advertisement
Advertisement
"Our startup policy focuses on innovation and entrepreneurship development. The government wants to further build on the edge Bengaluru has in fostering startups, and replicate the success in other districts too," Karnataka IT Minister SR Patil told ET. Patil also added that the startup policy is looking forward to raise Rs 2,000 crore for startups, and this would be done solely through government intervention.
However, Karnataka is not the first state to have announced a policy for startups. Kerala released its policy in 2014 and Rajasthan has also announced its support for ventures. Even the central government would be announcing a national startup policy next month.
According to reports, India would have some 11,500 startups by 2020, and Bengaluru would be a leading name in that.
As per the
Advertisement
Under the policy, a startup cell would be made with a hotline and a portal, which would be a single-point of information related to investors, policies, regulations, patent matters and more would also be setup.
Image source
Advertisement
- 6 reasons why you should visit Ladakh this summer
- TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery
- As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
- Top 10 destinations for river rafting in India in 2024
- Should you enrol your child in an online university like IGNOU?
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market