The Karnataka government has unveiled a bold ₹600 crore initiative to propel startups in artificial intelligence, robotics, quantum computing, and sustainability.
The move cements the state’s ambition to position itself as the DeepTech Capital of India, driving innovation across cities and sectors.
Announcing the plan, IT-BT Minister Priyank Kharge said the investment will nurture cutting-edge technology ventures and transform Karnataka into a global innovation hub.
The ₹600 crore fund has been strategically divided across key programmes. The DeepTech Elevate Fund will receive ₹150 crore, focusing on AI and frontier technologies, while the Elevate Beyond Bengaluru Fund will deploy ₹80 crore to boost startups in Mysuru, Mangaluru, Hubballi-Dharwad, and Kalaburagi.
Another ₹75 crore has been allocated to the Karnataka Information Technology Venture Capital Fund (KITVEN), offering equity investments between ₹50 lakh and ₹2 crore for deeptech and AI ventures.
The state will also invest ₹48 crore to establish incubators and accelerators at IIT and IIIT Dharwad and in Kalaburagi. To strengthen grassroots innovation, ₹110 crore has been set aside for seed-level support across 11 approved institutions.
Karnataka will additionally explore a ₹200 crore fund-of-funds and co-investment model with venture capital partners, potentially expanding the total fund size to ₹1,000 crore.
The initiative is designed to ensure continuous capital flow and scalability for startups across the deeptech value chain.
Minister Kharge noted that the government had engaged over 50 venture capital leaders from across the country to align private investment with the state’s vision.
The comprehensive plan reflects Karnataka’s goal of fostering a sustainable, innovation-led economy powered by research, emerging technologies, and entrepreneurship.
The announcement comes ahead of the Bengaluru Tech Summit (BTS) 2025, scheduled for November 18–20 under the theme ‘Futurise’.
The event will feature the Future Makers Conclave (FMC), bringing together 10,000+ founders, investors, and industry leaders to spotlight India’s most promising AI and deeptech ventures.
The summit will host 500 speakers, 1,000 exhibitors, and over 50,000 visitors from 60 countries, covering themes from spacetech to semiconductors.
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By allocating ₹600 crore to deeptech, Karnataka has reinforced its status as India’s technology epicentre. With strategic investments and global collaborations, the state is steering a new era of AI-led innovation, shaping the future of Indian entrepreneurship.
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Published on: Nov 4, 2025, 12:49 PM IST
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