6 months ago
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The Karnataka authorities connected Monday said it was entering into a ‘Deep Tech Decade’ and besides announced an concern excavation of ₹600 crore to footwear disconnected assorted initiatives to trigger maturation successful deep-tech crossed the State.
Addressing a media conference, Priyank Kharge said the government’s ₹600 crore concern committedness would powerfulness the ‘Deep Tech Decade’, aimed astatine positioning Karnataka arsenic the heavy tech superior of India.
“This inaugural reflects our imaginativeness to make a robust deep-tech pipeline supporting entrepreneurs moving connected technologies specified arsenic AI, ML, quantum computing, precocious manufacturing, robotics, and sustainability-driven innovation,” helium said.
He further said, the authorities was besides successful talks with assorted players successful the task superior industry, including the ones helium met past week, to grow the size of this concern excavation to ₹1,000 crore oregon more. “It is not that ₹600 crore volition beryllium capable for deep-tech maturation for the full decade. We volition re-look astatine the concern required. We volition surely necessitate much funds to make deep-tech and AI startups crossed the State and for this we are besides exploring to make associated funds successful collaboration with task superior players.’’
The Minister further said, the blueprint of the rotation retired and backing was already acceptable arsenic the State was perfectly superior astir retaining its planetary enactment successful the exertion landscape.
According to Mr. Kharge, the ₹600 crore concern earmarked for deep-tech would comprise ₹150 crore for DeepTech Elevate Fund, with a peculiar absorption connected AI and frontier technologies; ₹80 crore nether the Elevate Beyond Bengaluru Fund to beforehand startups successful Mysuru, Mangaluru, Hubballi-Dharwad and Kalaburagi, ₹75 crore done the KITVIN Fund for equity-based investments successful deep-tech and AI startups, with backing betwixt ₹50 lakh to ₹2 crore; ₹48 crore for caller incubators and accelerators astatine IIT and IIIT Dharwad and Kalaburagi and ₹110 crore for concern incubators successful higher acquisition institutions, nurturing aboriginal innovation and entrepreneurship crossed 11 institutions already cleared by the Cabinet.
He besides said the authorities would research a fund-of-funds done co-investment models with the VC ecosystem to guarantee continuous superior travel and scalability crossed the deep-tech worth chain.
The Minister further said, the 28th variation of the Bengaluru Tech Summit (BTS 2025), the State’s tech exposition scheduled from 18 to 20 November 2025 astatine the Bangalore International Exhibition Centre (BIEC), would diagnostic Future Makers Conclave (FMC).
