<p>Promoting Karnataka as an ideal hub for startup innovation and entrepreneurship, at the head of a high-level delegation to the US to promote Invest Karnataka 2016, State Large and Medium Industries and Tourism Minister R V Deshpande met senior executives of a few global startups at Bay Area and Silicon Valley, and said that the State has taken several steps to push startups, including bringing out a new Startup Policy, and also setting up of a startup council. <br /><br /></p>.<p>The council aims to stimulate growth of 20,000 tech-based startups, including 6,000 product startups by 2020, which would create six lakh direct and 12 lakh indirect employments. <br /><br />With this, there is scope to mobilise Rs 2,000 crore funding investment in startups through government interventions, and facilitate generation of innovative technology solutions with a social impact. <br /><br />Addressing the members of TiE, the minister said the State has always taken a lead in technological innovation, entrepreneurship, and developing an ecosystem for the growth of startups. <br /><br />“Bengaluru has the distinction of having the largest IT cluster with the presence of over 375 global companies which have chosen the city for their R&D and offshore development operations, due to the availability of skilled professionals. The city is home to more than 36 per cent of all startups in India,” Deshpande said. <br /><br />He also discussed ways to improve the startup ecosystem in Karnataka, and setting up of innovation clusters with a view to help startups scale up faster. <br /><br />The minister visited several companies including Cisco, Adobe, Airbnb, Nutanix, LinkedIn, AeroVironment, and Sandisk.</p>
<p>Promoting Karnataka as an ideal hub for startup innovation and entrepreneurship, at the head of a high-level delegation to the US to promote Invest Karnataka 2016, State Large and Medium Industries and Tourism Minister R V Deshpande met senior executives of a few global startups at Bay Area and Silicon Valley, and said that the State has taken several steps to push startups, including bringing out a new Startup Policy, and also setting up of a startup council. <br /><br /></p>.<p>The council aims to stimulate growth of 20,000 tech-based startups, including 6,000 product startups by 2020, which would create six lakh direct and 12 lakh indirect employments. <br /><br />With this, there is scope to mobilise Rs 2,000 crore funding investment in startups through government interventions, and facilitate generation of innovative technology solutions with a social impact. <br /><br />Addressing the members of TiE, the minister said the State has always taken a lead in technological innovation, entrepreneurship, and developing an ecosystem for the growth of startups. <br /><br />“Bengaluru has the distinction of having the largest IT cluster with the presence of over 375 global companies which have chosen the city for their R&D and offshore development operations, due to the availability of skilled professionals. The city is home to more than 36 per cent of all startups in India,” Deshpande said. <br /><br />He also discussed ways to improve the startup ecosystem in Karnataka, and setting up of innovation clusters with a view to help startups scale up faster. <br /><br />The minister visited several companies including Cisco, Adobe, Airbnb, Nutanix, LinkedIn, AeroVironment, and Sandisk.</p>
