Overview
The Government of Karnataka has unveiled a ₹600 crore initiative aimed at accelerating the growth of startups in artificial intelligence (AI), robotics, quantum computing, and sustainability. The move reinforces the state’s ambition to position itself as India’s DeepTech Capital, driving innovation and entrepreneurship across multiple cities and emerging technology sectors.
Major Investments to Strengthen the DeepTech Ecosystem
Announcing the initiative, IT & BT Minister Priyank Kharge said the programme is designed to nurture cutting-edge ventures and establish Karnataka as a global innovation hub. The ₹600 crore investment will be strategically deployed across key schemes to create a robust and inclusive DeepTech ecosystem.
Key Allocations:
| Programme / Fund | Allocation (₹ crore) | Purpose / Focus Area |
| DeepTech Elevate Fund | 150 | Support startups in AI, robotics, quantum computing, and frontier technologies |
| Elevate Beyond Bengaluru Fund | 80 | Promote startup growth in Mysuru, Mangaluru, Hubballi-Dharwad, and Kalaburagi |
| KITVEN (Karnataka Information Technology Venture Capital Fund) | 75 | Provide equity investments (₹50 lakh–₹2 crore) for AI and DeepTech ventures |
| Incubators and Accelerators (IIT & IIIT Dharwad, Kalaburagi) | 48 | Establish startup incubation infrastructure in key academic hubs |
| Seed-Level Support (11 Institutions) | 110 | Strengthen early-stage innovation and grassroots entrepreneurship |
DeepTech Vision and Roadmap
In addition to the ₹600 crore initiative, Karnataka is exploring the creation of a ₹200 crore fund-of-funds and a co-investment model in partnership with venture capital firms. This could potentially expand the total fund size to ₹1,000 crore, ensuring sustained capital flow and scalability across the DeepTech value chain.
Minister Kharge noted that the state government has engaged with over 50 venture capital leaders nationwide to align private investments with the state’s DeepTech vision.
He emphasized that the initiative will drive sustainable, innovation-led economic growth by integrating research, technology, and entrepreneurship.
Bengaluru Tech Summit 2025: Showcasing Future Innovations
The announcement precedes the Bengaluru Tech Summit (BTS) 2025, scheduled for November 18–20 under the theme “Futurise.” The event will serve as a global platform for showcasing DeepTech advancements and collaborative innovation.
Key Highlights of BTS 2025:
- Future Makers Conclave (FMC): Gathering of 10,000+ founders, investors, and industry leaders spotlighting India’s top AI and DeepTech ventures.
- Speakers and Exhibitors: 500 speakers and 1,000 exhibitors from across the world.
- Global Participation: Over 50,000 visitors from 60+ countries covering emerging domains including spacetech, semiconductors, and frontier AI.
Conclusion
Karnataka’s ₹600 crore DeepTech initiative underscores the state’s proactive approach to fostering next-generation innovation and entrepreneurship. With its strong institutional partnerships, policy support, and global collaboration, the state is poised to lead India’s transition into a DeepTech-driven economy.
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