Minister for Information Technology, Priyank Kharge, said on Saturday that Karnataka is intent on creating 10,000 new start-ups in smaller town and cities in the next five years under the Beyond Bengaluru initiative.
We have a target to create 10,000 new startups in Kalaburagi, Belagavi, Mangaluru, Hubballi, and Old Mysore region. Many of these places already have dozens of start-ups, but our target is to achieve 10,000 new startups in the next five years, the Minister said.
According to a recent data released by the State government, Karnataka has witnessed an 18.2% increase in the number of start-ups, rising from 2,568 in 2022 to 3,036 in 2023. This growth has propelled Karnataka to the forefront, now housing 8.7% of India’s total start-ups, the highest percentage for any state in the country.
Ropes in IVCA
The State has recently roped in the Indian Venture and Alternate Capital Association (IVCA), a non-profit organisation that serves as an ape
