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The Karnataka Digital Economic system Mission (KDEM) goals for the State’s contribution to India’s digital financial system to succeed in $300 billion by 2026 by enabling holistic progress of the tech sector — IT, ITES, GCC’s, EPM corporations, and startups – within the State, stated Sanjeev Gupta, CEO of KDEM.
Karnataka at present contributes $100-110 billion to India’s digital financial system. KDEM plans to deepen its partnership with the trade gamers and develop and set up tech clusters past the state’s capital— Bengaluru, to attain greater contribution, stated Gupta.
New clusters
The Mission has recognized three new clusters — Kalaburgi, Raichur, and Davangere districts — along with the already recognized Mysuru, Mangaluru, and Hubballi-Dharwad clusters.
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“KDEM is attracting corporations to arrange their operations within the tech clusters past Bengaluru by profiling and defining the clusters by their specialties like Mangalore for electronics manufacturing and Hubballi-Dharwad for IT expertise. Within the final 12 months, now we have obtained 24 corporations to spend money on the primary three clusters,” Gupta advised businessline.
Initiatives for startups
KDEM can be working in the direction of establishing a community of startup accelerators within the state. “We’ll create a community between three mature accelerators in Bengaluru and one every within the first three tech clusters. The accelerators in Bengaluru will act as mentor accelerators, this may assist the startups keep put within the tech clusters after finishing their incubation program,” Gupta stated. The Karnataka authorities has budgeted roughly ₹20 crore to arrange this community, he added.
It additionally goals to assist over 1000 startups within the subsequent 12 months by getting them on the Past Bengaluru Startup Grid — a platform that gives community, market, mentorship, and funding entry to startups. “At the moment, there are over 400 startups on the platform,” Gupta stated.
The mission additionally supplies grants by means of its “Elevate program.” Gupta stated, thus far, the Authorities has offered ₹165 crore in grants, benefiting round 700 startups. KDEM additionally plans to woo enterprise capitalists to spend money on startups based in rising tech clusters.
Printed on October 9, 2022
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