Karnataka Startup funding:
for funds / grants, schemes & policies
designed to nurture startups

Our Policies

Check out our policies, schemes & reports

Startup Karnataka aims to provide a comprehensive entrepreneurship platform and an ecosystem for startups. Which comprises seed fund, networking opportunity and access to the ecosystem.

Startup Funding

Details :

A programme to provide early stage funding to ideas or concepts which are yet to establish the proof of concept in the real world.

Corpus :

Up to Rs. 50 Lacs for selected ideas.

Available To :

Open to anyone from Karnataka who has an idea and is willing to commit time to bring it to a PoC stage.

Process to Avail :

This is followed by shortlisting through evaluations by the panel of judges and presentations before the Idea2PoC committee.

Details :

The Department has come up with Elevate-Unnati which has separate funds earmarked under SCSP/TSP Funds. For the first time the department has introduced Elevate Unnati for SC/ST Entrepreneurs.

Corpus :

Up to Rs. 50 Lacs for selected ideas.

Available To :

Open to anyone from Karnataka who has an idea and is willing to commit time to bring it to a PoC stage.

Process to Avail :

This is followed by shortlisting through evaluations by the panel of judges and presentations before the Idea2PoC committee.

Details :

A venture fund focused on investment and development of Semiconductor industry with investments in units catering to semiconductors, Electronics system design and manufacturing (ESDM), embedded systems and such other allied sectors within the state of Karnataka.

Corpus :

Rs. 92.95 Crores.

Available To :

Start-up, early stage, and SMEs. Maximum funding: Rs 9.20 Crores. Minimum funding: Rs 2 Crores.

Process to Avail :

Send executive summary covering aspects like brief background of company & promoters, technology, past financial performance, market opportunities, uniqueness of the product / technology / solution, funding requirements by email to info@kitven.in

Alternative :

Send the physical application form to The Chief Executive Officer,
Karnataka Asset Management Company Private Limited
Khanija Bhavan, 4th Floor, East Wing, No 49, Race Course Road,
Bangalore – 560 001. India. A panel of experts judge the application and have further discussions and presentations to decide on the funding.

Details :

A fund that invests in companies/ enterprises engaged in the agricultural, pharmaceutical, industrial, IT and other services, related to Biotechnology and allied industries in Karnataka.

Corpus :

Rs. 50 Crores.

Available To :

  • Start-ups, Early Stage, and SMEs.
  • Maximum funding: Rs.3.50 Crores.
  • Minimum funding: Rs. 1 Crore.

Process to Avail :

  • Send executive summary covering aspects like brief background of company & promoters, technology, past financial performance, market opportunities, uniqueness of the product / technology / solution, funding requirements by email to info@kitven.in

Alternative :

  • Send the physical application form to The Chief Executive Officer,
    Karnataka Asset Management Company Private Limited
    Khanija Bhavan, 4th Floor, East Wing, No 49, Race Course Road,
    Bangalore – 560 001. India.
  • A panel of experts judge the application and have further discussions and presentations to decide on the funding.

Details :

A fund focused on enterprises engaged in Animation, Visual Effects, Gaming and Comics (AVGC) sector and other related businesses.

Corpus :

 Rs. 20 Crores.

Available To :

  • Start-ups, Early Stage, Small and Medium Sized Enterprises.
  • Maximum funding: Rs.2 Crores.
  • Minimum funding: Rs. 50 Lacs.

Process to Avail :

  • Send executive summary covering aspects like brief background of company & promoters, technology, past financial performance, market opportunities, uniqueness of the product / technology / solution, funding requirements by email to info@kitven.in

Alternative :

  • Send the physical application form to The Chief Executive Officer,
    Karnataka Asset Management Company Private Limited
    Khanija Bhavan, 4th Floor, East Wing, No 49, Race Course Road,
    Bangalore – 560 001. India.
  • A panel of experts judge the application and have further discussions and presentations to decide on the funding.

Details :

Karnataka Innovation & Technology Society (KITS), Department of Electronics, IT, BT and S&T in association with M/s IKP Knowledge Park has conceptualized “Grand Challenge – Karnataka” which is an initiative of the Government of Karnataka,
under Start-up Policy. Grand Challenge Karnataka aims to channelize innovations for social impact, and in the process, support the establishment and growth of
start-ups.

Corpus :

Phase 1 funding:Rs 10 lakhs for each selected five Awardees and Phase 2 funding: Rs 50 lakhs for one Awardee out of the five.

Available To :

  • Start-ups.

Process to Avail :

  • Send executive summary covering aspects like brief background of company & promoters, technology, past financial performance, market opportunities, uniqueness of the product / technology / solution, funding requirements by email to startupcell@karnataka.gov.in

Alternative :

  • Send the physical application form to Karnataka Startup Cell
    Karnataka Innovation and Technology Society(KITS)
    Department of Electronics, IT, Bt and S&T, Government of Karnataka.,
    BMTC – Central Offices Building,
    TTMC ‘B’ Block, 4th Floor,
    Shanthinagar,KH Road,
    Bengaluru 560 027.
  • A panel of experts judge the application and have further discussions and presentations to decide on the funding.

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