{"id":1809,"date":"2024-10-30T03:07:33","date_gmt":"2024-10-30T07:07:33","guid":{"rendered":"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/10\/30\/karnatakas-accelerator-program-aims-to-empower-302-startups-statewide\/"},"modified":"2024-10-30T03:07:33","modified_gmt":"2024-10-30T07:07:33","slug":"karnatakas-accelerator-program-aims-to-empower-302-startups-statewide","status":"publish","type":"post","link":"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/10\/30\/karnatakas-accelerator-program-aims-to-empower-302-startups-statewide\/","title":{"rendered":"Karnataka\u2019s Accelerator Program Aims to Empower 302 Startups Statewide"},"content":{"rendered":"<p>Karnataka has taken a significant leap lately to support startup ecosystem in the state with the launch of the Karnataka Acceleration Network (KAN). It is about nurturing companies and it is also a transformative attempt to decentralize innovation. It is believed to bring entrepreneurial growth beyond to various regions across the state. It aims to empower a total of 302 growth-stage startups in the period of next three years through mentorship, market access and funding.<\/p>\n<p>Karnataka IT-BT minister Priyank Kharge said that the structure of KAN is to provide the startups with a much-needed framework for growth beyond Bengaluru. It is to strengthen talent and enterprise in places. He added that KAN is a transformative initiative that is basically designed to nurture a vibrant startup ecosystem and it reflects the urgency to break the long-standing dependency on Bengaluru as the sole growth hub.<\/p>\n<p>KAN is the relaunch of ELEVATE 2024, which is a revamped grant-in-aid program and was first introduced in 2016. ELEVATE has funded more than 983 startups with a cumulative grant of \u20b9224.06 crore. The grants offered are up to \u20b950 lakh per startup.<\/p>\n<p>The well-known status of Bengaluru as India\u2019s Silicon Valley boasts 45 unicorns worth $161 billion. Karnataka\u2019s ambition to break into the top three global innovation hubs necessitates a broader vision.<\/p>\n<p>The upcoming Bengaluru Tech Summit (BTS 2024) and its newly launched app offer startups and industry experts a platform to connect, share ideas and explore partnerships.<\/p>\n<p>KAN and ELEVATE 2024 are a rare blend of support for both established and emerging startups. Karnataka is setting a standard that other states would do well to emulate. The road to India\u2019s future in global innovation may start in Bengaluru but must reach every corner of Karnataka.<\/p>\n","protected":false},"excerpt":{"rendered":"<div>Karnataka has taken a significant leap lately to support startup ecosystem in the state with the launch of the Karnataka Acceleration Network (KAN). It is about nurturing companies and it is also a transformative attempt to decentralize innovation. It is believed to bring entrepreneurial growth beyond to various regions across the state. It aims to [\u2026]<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[2722,2723,2724,2725,2726,2727,115,1],"tags":[10],"class_list":["post-1809","post","type-post","status-publish","format-standard","hentry","category-bengaluru-tech-summit","category-bts-2024","category-elevate-2024","category-kan","category-karnataka","category-karnataka-acceleration-network","category-startup-news","category-top-ai-news","tag-aimastermindscourse-aimastermind-aicourses-getcertifiedinai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Karnataka\u2019s Accelerator Program Aims to Empower 302 Startups Statewide - AI Mastermind Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/10\/30\/karnatakas-accelerator-program-aims-to-empower-302-startups-statewide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karnataka\u2019s Accelerator Program Aims to Empower 302 Startups Statewide - AI Mastermind Blog\" \/>\n<meta property=\"og:description\" content=\"Karnataka has taken a significant leap lately to support startup ecosystem in the state with the launch of the Karnataka Acceleration Network (KAN). It is about nurturing companies and it is also a transformative attempt to decentralize innovation. It is believed to bring entrepreneurial growth beyond to various regions across the state. 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