Department of IT, BT and S&T

Karnataka Startup Policy 2015-20 Schemes & Benefits

Karnataka’s Innovation Ecosystem

Presence of prominent players

4000+ No. of start-ups in Bengaluru

1st State to announce multi-sector startup policy

2nd Fastest growing start-up ecosystem

$3.3 Average valuation of startups in the state

#20 Bengaluru ranked

among world’s top 20 startup ecosystems

mn

Important Milestones

GoK - NASSCOM Startup Warehouse (2013)

New Age Incubation Network (2014)

Bangalore Bio Innovation Centre (February 2015)

Karnataka’s Multi-sector Startup Policy (November 2015)

Start Up India (2016)

Karnataka’s Innovation Framework

Strategies

Goals

Encouraging Entrepreneurship in Education through NAIN (New Age Incubation Network)

Fostering strong partnerships between R&D institutions and Industry

Providing early stage/Idea2PoC(Proof of Concept) funding

Creating Incubation infrastructure through PPP

Start-up funding through Fund of Funds

Channelizing Innovation for Social Impact

Promoting Capacity Building through exposure visits and workshops

Providing State support in the form of incentives and concessions

Enablement through start-up cell, Startup Portal and Hotline

Towards a world-class startup ecosystem through strategic investment and policy interventions leveraging the robust innovation climate

Vision

20,000 technology based startups including 6,000 product startups by 2020

6 lakh direct and 12 lakh indirect new jobs in the sector

Mobilizing INR 2000 Crore funding for startups, by leveraging the fund of funds

Focus on generation of 25 Innovative Technology solutions with social relevance

Ease of Doing Business for Startups

Startup Cell with dedicated relationship managers for hand-holding and helpline for queries and feedback

Startup Portal for registration, application for incentives, booster kit, startup showcase

Startup Open House conducted through the year for interactions, feedback, and to resolve issues, if any

Self Certification by registered startups under Labor laws like the Building and Other Constructions Workers’ Act, 1996 and Environment laws

Partnership with Industry

Involvement of Industry experts in review and selection for various initiatives under Startup policy and evaluation

Co-hosting of major events in collaboration with industry associations

Tie up with NASSCOM, IAMAI, 91SpringBoard etc. for setting up incubation facilities and for providing mentorship and networking

Govt. of Karnataka Supported Incubators

GoK - Startup Warehouse at NASSCOM

GoK - Mobile 10X Accelerator at IAMAI

PPP - 91SpringBoard Incubator GoK - GoI - NASSCOM IoT CoE

55 Startups Incubated 350 Seats 36,000 sq. ft. built-up area

23 Startups Incubated 100 Seats 10,000 sq. ft. built-up area

35 Startups Incubated 150 Seats 15,000 sq. ft. built-up area

22 Startups Incubated 60 Seats 8,000 sq. ft. built-up area

Encouraging Innovation and Entrepreneurship

Partnership with Academia through NAIN

NAIN

1st batch of 90 graduated in 2016 with 74 working prototypes, 7 incorporations, 2 patents; 2nd batch

incubated; 3rd batch being mobilized

Mentor connect, exposure visits, capacity building for

domain specific technologies

Financial assistance to selected ideas for proto-typing and incubation for one year

50 NAINs to be established in policy period; 9 colleges in 9 districts operational, 16 more colleges being added across 10 districts

Commercialization of R&D

Partnership with Academia through TBI

TBI

2 TBIs

0perational

Funding Support 7

new TBIs identified

1. Agri Bio Incubator at UAS, Dharwad

2. N2P2 Incubator in CFTRI, Mysuru

1. IISc - Medical Devices, Nano-technology

2. MSR - IoT & Robotics 3. C-CAMP - Biotech 4. KVAFSU - Veterinary Biotech 5. Manipal - Bio-pharma, 6. UAS, Raichur - Agri Biotech 7. UAHS - Horticulture

95.6 Crores committed towards capital and operational costs for a

period of 5 years

Providing early stage funding

Funding through Idea to PoC

1

2

3 4

Convergence with Agriculture/Tourism/ S&T Departments etc. – special funds for sector-specific startups

Partnership with BBC, IoT CoE etc.

46 ideas funded across different sectors – INR 15.70 Cr

Virtual incubation permitted

Multiple Opportunities for Startups

Funding Initiatives

• Fund size of INR 92.95 Crores • INR 23.5 Crores disbursed • INR 12 Crores under consideration

Semiconductor Venture Fund

1

• Fund size of INR 50 Crores • Registered with SEBI • Disbursement will start shortly

Bio Venture Fund 2

AVGC Venture Fund • Fund size of INR 20 Crores • Registration with SEBI under progress

3

• Fund of funds for INR 200 Crores for investment in various daughter funds

• Reimbursement for patents, marketing expenses, VAT/CST for startups and incubators, Service tax

Other funds and incentives

4

Funding through Grand Challenges Channelizing Innovation for Social Impact

Grand Challenges

1

5

4

2

3

Mandate Definition Meeting

Shortlisting and Presentations

Follow-on funding for pilot implementation

Selection for initial funding upto 5

Call for Proposals

4 challenges floated, 17 proposals selected for initial funding; 5th and 6th Challenge launched

Funding through Grand Challenges Channelizing Innovation for Social Impact

Challenge 1: Real-time

Monitoring of Quality of Treated Water from STPs

Challenge 2: Early Detection

of Plant Diseases & Pest Infestation in Crops

Challenge 3: Engaging

Communities in Effective Delivery of Primary Health Services

May 2016

Slide 14

Funding through Grand Challenges Channelizing Innovation for Social Impact

Challenge 4: Tackling Under

nutrition & Calorie-Protein-Micronutrient Deficiencies in children and adults

Challenge 5: To reduce the

Traffic Congestion in Bangalore City

Challenge 6: Innovative

interventions aimed at Water Conservation in Karnataka, making each drop last

Promotion & Awareness

• TiECon 2016 in Hubli and Bengaluru

• Anthaprerana 2016 by TiE

• Startup Dialogue 2016 by Deshpande

Foundation

• Entrepreneurship Café AGC 2016

• Mini Makers Fair – Workbench Projects,

2016

• India International Innovation Fair, 2016

• Startup Bio 2017

• Agri Startup Fest 2017

• MODS 2017

Events sponsored by the department

• BengaluruITE.biz 2016

o One day dedicated to startups

o YESSS Program

o Startup Top Tech-25 Awards

o Hackathons

o Startup Pavilion

• Bengaluru India Bio 2016

o Bio Accelerate - Innovators pitch to

Government

o Startup Pavilion

• Bengaluru India Nano 2016

o Research Industry Collaboration Hub

(RICH)

Events conducted by the department

Promotion & Awareness

• Japan IT Week - 20 startups

• Bio Japan - 4 startups

• CeBIT Germany - 5 startups

• GITEX Dubai - 5 startups

• Bio Korea - 8 startups

• Bio San Diego - 5 startups

Sponsorship for exposure visits

• Makers Fair

• NASSCOM Product Conclave

• UK India Summit

• IoT Summit

• INSEAD Entrepreneurship Dialogue

• ThinkNext2016

• Hack For India Version 2

• Pravasi Bharatiya Divas 2017

Evangelization by Startup Cell

MoU’s with other countries/cities

MoU with The Hague, Netherlands

• The MoU is focused on 4 major areas – Elderly Care, Cyber Security, Genetics and Startups

• A Hackathon was held in Hague last October and 5 Hackers from Karnataka were selected and funded by Hague.

MoU with Finland:

• MoU envisions providing landing pads (temporary office space and other assistance at a reasonable price) for startups when a company from one side plans to explore the market on the other side

• Aims to facilitate collaborations between startup incubators and accelerators from Karnataka and Finland.

• Matchmaking events will be organized where startups and large corporations from Karnataka and Finland get a chance to interact and work with each other

Elevate100

• Department of IT and BT organized Elevate100 an event to identify Top100 Innovative Tech Startups across the State

• Grand Finale was held on 29th & 30th Aug, 2017 wherein 100 most promising startups were selected out of pool of 1700 applicants (startups)

• Elevate100 winners would be given Govt grant or support in terms of Mentorship, Market access through pilot, Access to Govt. VCs , Acceleration support etc.

• Booster kit is a collection of software tools and services like Cloud Services , Internet & Virtual Telephony, Testing Services , Payment Gateway , Banking, Legal & IP Services offered to startups as a special package.

• MOUs have been signed with Corporate’s , Banking & Financial Institutions, Legal and IP Firms etc to facilitate the services to startups

Startup Karnataka’s USP

• Synergy between Government, Industry and Academia

• High level involvement through the Startup Council under the guidance of honorable CM of Karnataka and industry representatives

• Partnership with industry at various levels

• Channelizing innovation for social impact through Grand Challenges

• Transparent online processes and systems in place

• Focus on multiple sectors in tier-2 cities

Thank You!

Website: www.startup.karnataka.gov.in

Email: startupcell@karnataka.gov.in

Landline: +91-080-22231007

Twitter: @Startup_Kar

Facebook: /StartupKarnataka

@greatindiandev bit.ly/gidslinkedin www.developersummit.com

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