Separate ELEVATE track for Beyond Bengaluru startups welcomed
The Karnataka government has introduced a separate track for 'Beyond Bengaluru' startups within its ELEVATE grant program to ensure fairer competition for businesses in tier 2 and tier 3 cities. This move was praised by industry stakeholders as a way to boost regional innovation.
Why it matters
Decentralizing startup support is essential for balanced economic development and fostering entrepreneurship outside of major metropolitan tech hubs.
The State government’s recent decision to introduce a separate ELEVATE track for startups outside the Bengaluru region has been welcomed by Karnataka Digital Economy Mission’s (KDEM) Mysuru cluster head Sudheer Shankar.
The article reports on a policy change and includes stakeholder feedback without ideological bias.
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