Karnataka government joins hands with VC firms to create Rs 1,000 crore Deep Tech, AI fund
The Karnataka government is investing Rs 600 crore in Deep Tech and AI, and along with leading venture capital firms to create a joint fund of over Rs 1,000 crore to support start-ups in these sectors in the state, IT Minister Priyank Kharge said.
“We are concentrating heavily on DeepTech and AI. For the first time, we are having the Future Makers Conclave, where we have tied up with private venture capitalists, and together we are disbursing close to around Rs 1,100 crore on a single platform on November 20 to DeepTech startups,” the Minister said at Bengaluru Tech Summit.
