New ventures, mostly started by young people with little prior knowledge of corporate affairs, have many hurdles to face during the early stages. Rather than worrying about how to get their business floated, concerns of IP Protection, navigating through state and central regulations and incentives, tech entrepreneurs should be able to focus on building the right product and seeking early customer validation. Further, there are numerous informational and awareness needs of startups that should be addressed in a business friendly environment. To facilitate such handholding, Startup Cell will be established in KBITS to act as a one stop shop that enables easy flow of information and assistance to needy startups. The cell shall also act as a single connect with Government departments where the Startup needs to implement pilots of their projects e.g. facilitate clinical research through coordination with Hospitals through the Health Department. The Startup cell has promoted Bangalore and Karnataka as a startup destination through participation in international and national events, sponsoring the participation of local startups in such events and various other means. The cell must also sponsor the visit of delegations of startups to promotional and marketing events in India and abroad.
Launched in Year
Elevate Winners of
Funded a total amount of
Facilitate generation of at least 25+ Innovative Technology solutions with a social impact in sectors like Health care, Food Security, Clean environment and Education for all etc.
Mobilize Rs. 2,000+ Cr. funding for investment in startups through Government intervention alone, by leveraging the Fund of Funds proposed to be put in place by the State Government.
Ecosystems are about innovation, co-creation and solving problems together. Depending on the type of ecosystem you are in – the outcome can be new business in the form of solutions to known customer problems or new innovative business models or new knowledge.
Startup ecosystems are springing up in all corners of the world. There are ambitious founders and creative startup teams everywhere, keen to find unique ways to find a great product-market fit and solve the world’s problems.