Karnataka government announces ₹1,106cr fund for deeptech, AI startups
Karnataka is rolling out a massive fund of over ₹1,000 crore to boost DeepTech and AI startups.
Teaming up with 16 venture capital firms, the state will officially launch this at the Bengaluru Tech Summit on November 20.
The goal? To help young innovators working on everything from AI and robotics to quantum computing and sustainability-driven innovation.
Where's the money going?
The funding will be spread across several key areas: ₹150 crore for Deep Tech Elevate Fund, ₹80 crore for Elevate Beyond Bengaluru (to support startups outside the city), and ₹75 crore for KITVEN Fund (which backs early-stage startups).
There's also money set aside—₹48 crore—for incubators and accelerators, plus ₹110 crore to help business incubators in 11 institutions.
Even schools get a slice, with ₹25 crore earmarked for innovation labs.
Why does it matter?
This move isn't just about big numbers—it's about growing Karnataka's startup scene beyond Bengaluru and giving fresh founders real support.
By investing in labs, accelerators, and early-stage ventures, the state hopes to inspire more young people to build bold new tech solutions right at home.