Bengaluru: Further fuelling the growth of startup ecosystem in the city and in the state of Karnataka, the Bangalore Chamber of Industry and Commerce (BCIC) has set up an incubation center for startups.

Inaugurating the center at BCIC office premises on Monday, IT/BT and S&T Minister C N Ashwatha Narayana said organisations such as BCIC coming forward to set up an incubation center would be supplementary to maintain the leading position of the state in the emerging technological sphere.

“BCIC has set up an Incubation Centre to support budding Startup entrepreneurs with the objective of providing necessary guidance, tech support, infrastructure, access to investors, networking, and facilitating a host of other resources that may be required for Startups to survive and scale. This Incubation centre aims to further the Startup ecosystem in the State by fostering Startups to scale-up to attain a competitive edge,” said IT/BT and S&T Minister C N Ashwatha Narayana.

Welcoming the BCIC for providing incubation facility for aspiring Startup entrepreneurs at affordable prices, he recommended BCIC to look into collaborating with public universities to achieve the objective.

He also highlighted the fact that National Education Policy (NEP-2020) implemented by the state would help to create the skilled human resource needed for the industry.

“The government has been supporting to sustain the momentum with forward looking policies including Engineering R & D policy, programmes like ‘Beyond Bengaluru’, and by setting up Karnataka Digital Economy Mission (KDEM) offices,” said IT/BT and S&T Minister C N Ashwatha Narayana.

The state has a robust ecosystem with network of incubation centers in 30 engineering colleges beyond Bengaluru in 18 districts across Karnataka. In addition, Centers of Excellences for IoT, Data Science, AI, AVGC, Cybersecurity and others have a strong focus on skilling and development of youth, Narayana pointed out.

Common Instrumentation Facilities(CIF) have also been set up at 5 locations. The government is encouraging various initiatives in line with achieving the vision set by the Prime Minister to make India reach the 5 trillion-dollar economy by promoting the growth of technology and innovation in all the emerging clusters of Karnataka, Minister emphasised.

Consul General of Japan in Bengaluru Akiko Sugita and office bearers of BCIC were present at the function.

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