Karnataka government will provide seed funding of up to Rs 50 lakh for 200 startups in the state to promote technological innovation, said, C N Ashwath Narayan, minister for IT/BT and Skill Development, on Sunday.T
The 200 include the 75 startups to which seed funding was announced by Chief Minister Basavaraj Bommai on account of the 75 years of India’s Independence, he said at an event to mark the first National Start Up Day. “Till date, as many as 500 startups were sanctioned seed funds by the state,” he said.
