1. Karnataka Startup Policy 2015-20 Schemes & Benefits
Department of IT, BT and S&T
Karnataka Startup Policy Schemes & Benefits

2. Karnataka’s Innovation Ecosystem
4000+
No. of start-ups in Bengaluru
1st
State to announce multi- sector startup policy
2nd
Fastest growing start-up ecosystem
$3.3
Average valuation of startups in the state
#20
Bengaluru ranked among world’s top 20 startup ecosystems mn
Presence of prominent players

3. Important Milestones Start Up India (2016)
GoK - NASSCOM Startup Warehouse (2013)
New Age Incubation Network (2014)
Bangalore Bio Innovation Centre (February 2015)
Karnataka’s Multi-sector Startup Policy (November 2015)
Start Up India (2016)

4. Karnataka’s Innovation Framework
Goals
Towards a world-class startup ecosystem through strategic investment and policy interventions leveraging the robust innovation climate
Vision
20,000 technology based startups including 6,000 product startups by 2020
6 lakh direct and 12 lakh indirect new jobs in the sector
Mobilizing INR 2000 Crore funding for startups, by leveraging the fund of funds
Focus on generation of 25 Innovative Technology solutions with social relevance
Strategies
#1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points
Fostering strong partnerships between R&D institutions and Industry
Providing early stage/Idea2PoC(Proof of Concept) funding
Creating Incubation infrastructure through PPP
Channelizing Innovation for Social Impact
Promoting Capacity Building through exposure visits and workshops
Providing State support in the form of incentives and concessions
Encouraging Entrepreneurship in Education through NAIN (New Age Incubation Network)
Start-up funding through Fund of Funds
Enablement through start-up cell, Startup Portal and Hotline

5. Ease of Doing Business for Startups
Startup Cell with dedicated relationship managers for hand-holding and helpline for queries and feedback
Startup Portal for registration, application for incentives, booster kit, startup showcase
Startup Open House conducted through the year for interactions, feedback, and to resolve issues, if any
Self Certification by registered startups under Labor laws like the Building and Other Constructions Workers’ Act, 1996 and Environment laws

6. Partnership with Industry
Tie up with NASSCOM, IAMAI, 91SpringBoard etc. for setting up incubation facilities and for providing mentorship and networking
Involvement of Industry experts in review and selection for various initiatives under Startup policy and evaluation
Co-hosting of major events in collaboration with industry associations

7. Govt. of Karnataka Supported Incubators
GoK - Startup Warehouse at NASSCOM
GoK - Mobile 10X Accelerator at IAMAI
55 Startups Incubated
350 Seats
36,000 sq. ft. built-up area
23 Startups Incubated
100 Seats
10,000 sq. ft. built-up area
PPP - 91SpringBoard Incubator
GoK - GoI - NASSCOM IoT CoE
35 Startups Incubated
150 Seats
15,000 sq. ft. built-up area
22 Startups Incubated
60 Seats
8,000 sq. ft. built-up area

8. Encouraging Innovation and Entrepreneurship
Partnership with Academia through NAIN
Encouraging Innovation and Entrepreneurship
NAIN
1st batch of 90 graduated in 2016 with 74 working prototypes, 7 incorporations, 2 patents; 2nd batch incubated; 3rd batch being mobilized
Mentor connect, exposure visits, capacity building for domain specific technologies
Financial assistance to selected ideas for proto-typing and incubation for one year
50 NAINs to be established in policy period; 9 colleges in 9 districts operational, 16 more colleges being added across 10 districts
#1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points

9. Commercialization of R&D
Partnership with Academia through TBI
Commercialization of R&D
TBI
2 TBIs 0perational
Funding Support 7
new TBIs identified
IISc - Medical Devices, Nano-technology
MSR - IoT & Robotics
C-CAMP - Biotech
KVAFSU - Veterinary Biotech
Manipal - Bio-pharma,
UAS, Raichur - Agri Biotech
UAHS - Horticulture
Agri Bio Incubator at UAS, Dharwad
N2P2 Incubator in CFTRI, Mysuru
#1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points
95.6 Crores committed towards capital and operational costs for a period of 5 years

10. Providing early stage funding
Funding through Idea to PoC
Providing early stage funding 1 2 3 4
Convergence with Agriculture/Tourism/ S&T Departments etc. – special funds for sector-specific startups
Partnership with BBC, IoT CoE etc.
46 ideas funded across different sectors – INR Cr
Virtual incubation permitted
#1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points

11. Multiple Opportunities for Startups
Funding Initiatives
Multiple Opportunities for Startups
Fund size of INR Crores
INR 23.5 Crores disbursed
INR 12 Crores under consideration
Semiconductor Venture Fund 1
Fund size of INR 50 Crores
Registered with SEBI
Disbursement will start shortly
Bio Venture Fund 2
#1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points
AVGC Venture Fund
Fund size of INR 20 Crores
Registration with SEBI under progress 3
Fund of funds for INR 200 Crores for investment in various daughter funds
Reimbursement for patents, marketing expenses, VAT/CST for startups and incubators, Service tax
Other funds and incentives 4

12. Funding through Grand Challenges
Channelizing Innovation for Social Impact
Grand Challenges 1 5 4 2 3
Mandate Definition Meeting
Shortlisting and Presentations
Follow-on
funding for pilot implementation
Selection for initial funding upto 5
Call for Proposals
#1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points
4 challenges floated, 17 proposals selected for initial funding;
5th and 6th Challenge launched

13. Funding through Grand Challenges
Channelizing Innovation for Social Impact
Challenge 1: Real-time Monitoring of Quality of Treated Water from STPs
Challenge 2: Early Detection of Plant Diseases & Pest Infestation in Crops
Challenge 3: Engaging Communities in Effective Delivery of Primary Health Services
#1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points

14. Funding through Grand Challenges
Channelizing Innovation for Social Impact
Challenge 4: Tackling Under nutrition & Calorie-Protein-Micronutrient Deficiencies in children and adults
Challenge 5: To reduce the Traffic Congestion in Bangalore City
Challenge 6: Innovative interventions aimed at Water Conservation in Karnataka, making each drop last
May 2016

15. Promotion & Awareness Events conducted by the department
BengaluruITE.biz 2016
One day dedicated to startups
YESSS Program
Startup Top Tech-25 Awards
Hackathons
Startup Pavilion
Bengaluru India Bio 2016
Bio Accelerate - Innovators pitch to Government
Bengaluru India Nano 2016
Research Industry Collaboration Hub (RICH)
Events conducted
by the department
TiECon 2016 in Hubli and Bengaluru
Anthaprerana 2016 by TiE
Startup Dialogue 2016 by Deshpande Foundation
Entrepreneurship Café AGC 2016
Mini Makers Fair – Workbench Projects, 2016
India International Innovation Fair, 2016
Startup Bio 2017
Agri Startup Fest 2017
Events sponsored
by the department

16. Promotion & Awareness Evangelization by Startup Cell Sponsorship for
Makers Fair
NASSCOM Product Conclave
UK India Summit
IoT Summit
INSEAD Entrepreneurship Dialogue
ThinkNext2016
Hack For India Version 2
Pravasi Bharatiya Divas 2017
Evangelization
by Startup Cell
Japan IT Week - 20 startups
Bio Japan - 4 startups
CeBIT Germany - 5 startups
GITEX Dubai - 5 startups
Bio Korea - 8 startups
Bio San Diego - 5 startups
Sponsorship for
exposure visits

17. MoU’s with other countries/cities
MoU with The Hague, Netherlands
The MoU is focused on 4 major areas – Elderly Care, Cyber Security, Genetics and Startups
A Hackathon was held in Hague last October and 5 Hackers from Karnataka were selected and funded by Hague.
MoU with Finland:
MoU envisions providing landing pads (temporary office space and other assistance at a reasonable price) for startups when a company from one side plans to explore the market on the other side
Aims to facilitate collaborations between startup incubators and accelerators from Karnataka and Finland.
Matchmaking events will be organized where startups and large corporations from Karnataka and Finland get a chance to interact and work with each other

18. Elevate100
Department of IT and BT organized Elevate100 an event to identify Top100 Innovative Tech Startups across the State
Grand Finale was held on 29th & 30th Aug, 2017 wherein 100 most promising startups were selected out of pool of 1700 applicants (startups)
Elevate100 winners would be given Govt grant or support in terms of Mentorship, Market access through pilot, Access to Govt. VCs , Acceleration support etc.
Booster kit is a collection of software tools and services like Cloud Services , Internet & Virtual Telephony, Testing Services , Payment Gateway , Banking, Legal & IP Services offered to startups as a special package.
MOUs have been signed with Corporate’s , Banking & Financial Institutions, Legal and IP Firms etc to facilitate the services to startups

19. Startup Karnataka’s USP
Synergy between Government, Industry and Academia
High level involvement through the Startup Council under the guidance of honorable CM of Karnataka and industry representatives
Partnership with industry at various levels
Channelizing innovation for social impact through Grand Challenges
Transparent online processes and systems in place
Focus on multiple sectors in tier-2 cities

20. Thank You #1 Bangalore or Karnataka – substantiate the source
Don’t repeat the first two points