<p> The Karnataka government is coming up with a startup booster kit in order to foster entrepreneurship and business initiatives in the state, Karnataka IT Minister Priyank Kharge said on Wednesday.<br /><br /></p>.<p>Addressing delegates on the inaugural day of the Global Mobile App Summit and Awards (GMASA) 2016, Kharge said, “The state government is amending a new startup policy, and therefore, I welcome you to send in your suggestions. We are coming up with a startup booster kit where companies can register their startup with Karnataka Biotechnology and Information Technology Services (KBITS). <br /><br />We will assist these startups in ways such as providing subsidised plans for high-speed internet, incubator facility, subsidised licence products, mentor facility, financial experts, accounting and legal assistance are among the key services we’ll offer to create a conducive ecosystem for anyone who has an idea.”<br /><br />The government will soon be announcing an investment of up to Rs 50 lakh for startups across sectors, while a separate fund of Rs 10 crore is separately set up for women entrepreneurs. “We have identified nine universities in the state, and have a budget of up to Rs 40 lakh to encourage students to work on startup ideas,” he said. <br /><br />Kharge announced a new initiative called ‘Startup Open House’ where the minister will interact with to come up with solutions for its establishment. <br /><br /></p>
<p> The Karnataka government is coming up with a startup booster kit in order to foster entrepreneurship and business initiatives in the state, Karnataka IT Minister Priyank Kharge said on Wednesday.<br /><br /></p>.<p>Addressing delegates on the inaugural day of the Global Mobile App Summit and Awards (GMASA) 2016, Kharge said, “The state government is amending a new startup policy, and therefore, I welcome you to send in your suggestions. We are coming up with a startup booster kit where companies can register their startup with Karnataka Biotechnology and Information Technology Services (KBITS). <br /><br />We will assist these startups in ways such as providing subsidised plans for high-speed internet, incubator facility, subsidised licence products, mentor facility, financial experts, accounting and legal assistance are among the key services we’ll offer to create a conducive ecosystem for anyone who has an idea.”<br /><br />The government will soon be announcing an investment of up to Rs 50 lakh for startups across sectors, while a separate fund of Rs 10 crore is separately set up for women entrepreneurs. “We have identified nine universities in the state, and have a budget of up to Rs 40 lakh to encourage students to work on startup ideas,” he said. <br /><br />Kharge announced a new initiative called ‘Startup Open House’ where the minister will interact with to come up with solutions for its establishment. <br /><br /></p>