8 months ago
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The Department of Electronics, IT and BT connected Monday unveiled a ₹1,000-crore Local Economy Accelerator Programme (LEAP) to thrust innovation crossed the State.
The programme is designed to catalyse innovation, make 5 lakh jobs, and physique robust start-up ecosystems and besides to physique equitable economical maturation crossed the State, beyond Bengaluru, said Priyank Kharge, Minister for Electronics, IT & BT, and Rural Development & Panchayat Raj.
According to the Minister, LEAP is conceived arsenic the superior motor to unlock the untapped imaginable successful clusters similar Mysuru-Chamarajanagar, Mangaluru-Udupi, Hubballi-Belagavi-Dharwad, Tumakuru, Kalaburagi, and Shivamogga, aimed astatine transforming them into self-sustaining and globally competitory innovation hubs.
“LEAP is our committedness to ensuring that the fruits of innovation are shared crossed Karnataka. While Bengaluru is simply a planetary powerhouse, the State’s existent imaginable volition beryllium unlocked erstwhile we empower entrepreneurs successful Mysuru, Hubballi, and Kalaburagi,’‘ Mr. Kharge said, calling it “an concern successful a balanced, equitable, and resilient economical future.”
Ekroop Caur, Secretary, Department of Electronics, IT, BT, and S&T, said the LEAP inaugural was a meticulously designed model that provided end-to-end enactment for innovators crossed the State.
LEAP is structured astir 16 strategical sub-programmes including Karnataka Startup Foundry (to foster an entrepreneurial mindset from the crushed up), Creation of Fund of Funds (to found a self-sustaining task superior ecosystem), among others.
