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Thursday, May 4, 2017

Karnataka allocated Rs 10 crore to agriculture innovation startups

Karnataka goverenment has allocated Rs 10 crore to agriculture innovation startups. IT and Tourism Minister Priyank Kharge said, The government has been and will assist startups in agri space with series A and B funding by connecting them to investors. A budget of Rs 10 crore has been allocated for agriculture innovation startups which will be allocated in May to selected startups.

Also read: Rs 10 crore for women entrepreneurs Karnataka government announced

Kharge said Karnataka is the only state that has a Proof of Concept (Idea2POC) Grant Scheme, under which the government aims to issue upto Rs 50 lakh as part of its multi-sectoral startup policy and work with various stakeholders to create ideation and incubation sectors.

He also said startups in tier-II cities are also being funded by the state by registering with the startup cell.

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