Karnataka IT Minister reveals state’s new startup booster plans
Karnataka Minister for IT, Priyank Kharge, on Wednesday opened up about the state’s new startup policy at the Global Mobile App Summit and Awards (GMASA) 2016, which is soon to be launched in the state to help the aspiring entrepreneurs that would mentor them, fund them and provide with all necessary facilities to flourish.
Inaugurating the summit in the presence of AP Muruganandam, National Co-ordinator of the ‘Make In India’ campaign and many other dignitaries, Kharge said, “The Karnataka State Government is amending a new startup policy, where we are coming up with a start- up booster kit where companies can register their startup with Karnataka Biotechnology Information Technology Services –KBITS. I welcome all of you to send in your valuable suggestions to us.”
GMASA is organised by Apps World Magazine is the association with ‘Make in India’ and NASSCOM. has 19 interesting categories under which the app developers are to submit their applications. GMASA also offers the winners a chance to contact potential sponsors and partners as well as gain knowledge from workshops on to how to turn their local app into a global success.
“We will assist these startups to the best of our ability. Subsidised plans for high-speed internet, incubator facility, subsidised license products, mentor facility, financial experts, accounting and legal assistance are among the key services we will offer for creating a conductive ecosystem for anyone who has an idea,” Kharge added.
The government is also in talks and has earmarked an investment of up to 50 lakhs for startups across sectors with the separate fund for women entrepreneurs.
“A separate fund of 10 Crore rupees is separately set up for women startup entrepreneurs across any vertical. We have identified nine universities in the state and have a budget of up to 40 Lakhs to encourage students to work on startup ideas.”
The minister also announced a new initiative called ‘Startup Open House’, which will soon be started where the IT Minister and his team of associates will interact with enthusiasts and work together on coming up with newer and friendlier solutions for startups. This will be a monthly activity that will happen on a pre-fixed date.