How Karnataka govt is enabling further growth of startups

Karnataka IT Minister C N Ashwath Narayan believes startups have not only bought in economic progress but also improved the quality of lives and the government will continue to do all it can to support entrepreneurs.

Monday November 15, 2021 , 3 min Read

Good Morning,

India's Silicon Valley, Bengaluru, is a leading destination for startups in the country and the world. According to The Global Startup Ecosystem Report 2021, the capital of Karnataka ranked 23rd in an annual analysis of the world's most favourable ecosystems to build a globally successful startup.

The state government has also played a key role in enabling the startup ecosystem to evolve amid increased digitisation and investor boom.

In an interaction with YourStory, C N Ashwath Narayan, Minister for Electronics, IT, BT and S&T, Higher Education, Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, said that the state government is keen to further enhance its support for these young companies and entrepreneurs to enable an all-round development.

"We have come out with many programmes to promote startups along with the IT-ITeS industry, particularly taking them beyond the capital Bengaluru. We have policies around IT, ESDM, engineering R&D, among others to encourage the ecosystem as well as the startups," Minister Ashwath Narayan said.

He said that the government is also taking many steps to promote women entrepreneurs.

"We have created an exclusive fund to encourage women entrepreneurs as well as socially disadvantaged groups. This is the topmost priority of the government and there are enough funds available for such startups," he added.

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