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Karnataka Minister of Higher Education and IT/BT Dr. CN Ashwath Narayan on Saturday launched three strategic initiatives aimed at boosting start-ups and innovation ecosystem in Beyond Bengaluru clusters. The three programs launched were Mysuru Cluster Seed Fund (MCSF), Mysuru Global Technology Center (MGTC) and Karnataka Accelerator Network (KAN).
It can be seen here that Prime Minister Basavaraj Bommai, while presenting the 2023-24 budget, had announced these programs to boost the IT and startup ecosystem in the state. Combined MCSF and KAN are estimated to generate around Rs 200 crore and these programs will be implemented through Karnataka Digital Economy Mission (KDEM) Mysuru Cluster with Rs 25 crore Seed Fund will finance 70-80 startups which are expected to create over 1000 job opportunities .
“The Mysuru Global Technology Center, which will be set up in a 2 lakh square foot space with a capacity of 3000 seats, facilitates high-quality plug-and-play office infrastructure in Mysuru. It is said to play an important role in the promote the growth of IT, ITES, GCC, ESDM, startups and all service companies in the region,” the government said in a statement. “Karnataka Accelerator Network (KAN) is a unique initiative of the Government of Karnataka claimed as the first of its kind in the country to boost accelerator ecosystem in the state. It has set a target to support over 300 startups. Stakeholders who will be partners in the initiative would be (non-profit) three accelerators across Bangalore and 3 potential accelerators from Beyond Bengaluru clusters namely Mysuru, Mangalore and Hubballi-Dharwad-Belagavi. This allows for the creation of a mentor network -student between accelerators and incubators in Bengaluru and beyond Bengaluru regions,” he added.
The coffee table book made to commemorate the silver jubilee event of the Bangalore Tech Summit (BTS) was launched for the occasion. Narayan also announced that the 26th Bangalore Tech Summit (BTS-2023) will be held from November 29 to December 1 at the Palace Grounds.
Also present were Dr. BV Naidu, President, KDEM, Sanjeev Gupta, Managing Director, KDEM and Dr. EV Ramana Reddy, ACS, IT/BT Department. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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