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Karnataka Startup Policy Schemes & Benefits

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Presentation on theme: "Karnataka Startup Policy Schemes & Benefits"— Presentation transcript:

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


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