Karnataka for the second consecutive year has been adjudged the top performer in the States’ Startup Ranking.
The state has been recognised for its several exemplary initiatives in developing: Futuristic policies to support new and disruptive technologies, Regulatory committee for reviewing the challenges faced by start-ups working in emerging technologies, Elevate, a unique concept providing a comprehensive entrepreneurship platform for start-ups, including idea validation, funding and space.
Karnataka has also been recognised for its: An institutional leader, a procurement leader, a regulatory change champion and incubation hub.
Elated, Karnataka Minister for IT/BT, Dr Ashwath Narayan said: “Karnataka is immensely proud of success stories budding out of the start-up ecosystem. We graciously accept the top performer recognition awarded by DPIIT, Union Ministry of Commerce and Industry, Karnataka is happy and proud of the start-ups who have taken massive strides in their innovations and ventures. The government will continue its efforts to nurture and catalyse the growth of start-ups in the State. DPIIT’s Start-up Ranking framework has helped the State unlock different potential areas for start-ups and reach out to the grass-root level innovations.”
He further said “Karnataka has one of the most mature start-up ecosystems in the country, and that’s the reason why Bengaluru is known as the start-up capital of India. Karnataka has taken numerous initiatives to support start-ups and build a conducive ecosystem for entrepreneurs in the State. Karnataka was also the first State to launch a dedicated policy for start-ups. I thank DPIIT for recognising our efforts in promoting the ecosystem.”