Bengaluru: Karnataka has launched two new initiatives, Elevate 2024 and the Karnataka Accelerator Network (KAN), aimed at giving startups a stronger foundation for growth. Elevate 2024 offers grants of up to Rs 50 lakhs for emerging startups, particularly those in fields like AI, robotics, and SpaceTech. The program also provides crucial support, including access to incubation centers, expert mentorship, and financial incentives under the Karnataka Startup Policy 2022-27.
Meanwhile, KAN focuses on growth-stage startups, encouraging partnerships between accelerators to build joint programs and leverage shared resources. Over the next three years, KAN aims to support over 300 startups by connecting them with a broader network of mentors and resources.
Together, these initiatives are part of Karnataka’s push to make the state a leading hub for tech-driven startups. With a focus on funding, resources, and sector-specific support, the programs aim to simplify the journey for startups as they navigate growth and innovation.
