Preferential Market Access

The Entry to Market for Startups has been eased up. Make this opportunity count.

The Government of Karnataka is committed to providing the most conducive environment for investments and acceleration across all verticals to ensure the State remains a leader in innovation. Karnataka is nurturing the ecosystem with strong policies giving the ecosystem a strong foundation to help entrepreneurs and the established industries to flourish.

Karnataka had also been in the lead to provide preferential market access to Startups in the State in procurement of technology related goods and services. The Government of Karnataka, as an enabler, intervenes in the ecosystem through its wholly owned PSU, Karnataka State Electronics Development Corporation Limited (KEONICS). KEONICS has been provisioning the below mentioned concessions to technology-based Startups registered with the Startup Cell, KITS, Karnataka:

  • Preference in public procurement of goods and/or services so as to attain a target of 10% of its procurement through Startups
  • 50% discount on all non-refundable royalty
  • Do away with ‘Prior experience’, ‘Prior turnover’ and ‘EMD’ for encouraging Startups