Karnataka received 14 of the 46 national startup awards announced and distributed by the central government on Saturday, the most of any state.
The Centre received 459 nominations from startups across the state. There were 2,177 applications from across the country in a variety of sub-sectors.
Chief minister Basavaraj Bommai stated that Prime Minister Narendra Modi has been a significant supporter of the sector, and that his government’s goal is to replicate Bengaluru’s success in the startup ecosystem in other districts.
Tinkerbell, Steradian, and Tagbox are among the 14 national awardees, according to IT/BT minister CN Ashwath Narayan, who spoke to the media on the occasion of National Startup Day, a new annual event announced by Modi. Elevate 100 is a programme in which the state provides seed funding to promising startups.
According to the minister, India has more than 80 unicorns — startups valued at $1 billion or more — with the majority of them based in Bengaluru, including Byju’s, Zerodha, Cred, Big Basket, and Ola Electric.
This year, the state government has decided to double the number of startups receiving funding through its various initiatives to 200.
According to Ashwath Narayan, the government is also revising its startup policy to identify and support innovative startups in districts to ensure equity and fairness.
According to the minister, the government has already amended its public procurement regulations to give startups more weight so that they can compete with established players in government tenders.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php