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IT/BT Minister’s address on first ‘National Startup Day’

Bengaluru, NFAPost: To promote technological innovation in the state 200 Startups will be provided with seed funding of up to Rs. 50 Lakhs each in the current year, said Karnataka Minister for IT/BT and Skill Development C N Ashwatha Narayana said on Sunday.

Addressing on the occasion of the first ‘National Startup Day’ event observed at Vidhana Soudha, he told, this being the year of Azad Ki Amrut Mahotsav (75th year of Independence) the seed funding will be facilitated to additional 75 Startups to achieve the tally to 200 Startups in the year.

“In the present year, the state has so for attracted Rs 1.60 lakh crores of foreign direct investment which is more than 50% of the investment made in the entire country. The State is home to over 13,000 Startups out of the total 57,000 in the country,” said said Karnataka Minister for IT/BT and Skill Development C N Ashwatha Narayana.

In view of maintaining the leading position of the state in the sector, said Karnataka Minister for IT/BT and Skill Development C N Ashwatha Narayana said the stress on digital education and skill development will be focussed through effective implementation of NEP.

The Minister also highlighted the fact that Prime Minister Narendra Modi has said, that the role of Startups will be crucial in India becoming ‘vishwaguru’ and ‘super power’.

“Going forward along the lines of the Prime Minister’s thought, the growth of hardware will also be facilitated together with software in the state. ART part (Artificial Intelligence & Robotics Translational Park) set up at IISc stands as a testimony to the commitment towards the growth of emerging industries,” said the IT/BT Minister.

Under ESDM policy, Rs 5,000 crores will be given as subsidy, and out of this Rs 2,000 crores has already been given in the first year, Narayana informed.

Karnataka Chief of Startup Vision Group Dr.Prashanth Prakash called on startup entrepreneurs to ‘Make for the Rest of the World’ along with ‘Making for India.

Karnataka Department of Electronics and IT/BT Additional Chief Secretary E V Ramana Reddy said how the Ideas are being translated to Proof of Concepts and then to marketable products. Karnataka Electronics and IT/BT Department Director Meena Nagaraj described the Startup ecosystem of the state.

14 Startups awarded:
The Union government has observed the ‘Startup India Innovation Week’ from Jan 10- Jan 16 and has announced national rewards for the Startups for their innovative product development. Out of the 56 Startups awarded 14 from the state have bagged the same to put state on top in the country.

Naffa innovations Pvt.Ltd,
Umbo Idtech Pvt. Ltd (Fintech),
Thinkerbell Labs (Edutech),
Simplotel Technologies (Travel & Hospitality),
Blinkin Technologies (Augmented Reality),
Tagbox Solutions (IOT- healthcare),
Shapos Services Pvt. Ltd,
Athreya Global Solutions,
Zentron Labs Pvt Ltd (Agritech post-harvest),
Marketxpander Services (Customer Relationship Management),
Leucine Rich Bio Pvt. Ltd (Life Sciences),
Stellapps Technologies (Animal Husbandry),
1 Bridge (Freight & Logistics),
Steradian Semiconductors(Traffic Management)

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