State and VC Firms Jointly Disburse ₹400 Crore to Deep-Tech Start-Ups at Bengaluru Tech Summit
In a first-of-its-kind initiative, the State government and a consortium of venture capital (VC) firms have jointly disbursed ₹400 crore to deep-tech start-ups at a technology summit held in Bengaluru. Officials described the collaboration as unprecedented, noting that this is the first time a government and a group of VCs have come together to distribute funds directly to emerging technology ventures.
The funding aims to accelerate innovation in areas such as artificial intelligence, robotics, space technology, biotechnology, and advanced manufacturing. Start-ups selected under the programme underwent a rigorous evaluation process by both government bodies and private investors, ensuring support for high-potential companies capable of global impact.
The initiative is expected to strengthen Karnataka’s position as a leading hub for deep-tech entrepreneurship, while also fostering partnerships between public institutions and private capital. Organisers said the combined funding model could become a template for future collaborations in the innovation ecosystem.
