Karnataka IT Minister Dr Ashwathnarayan CN said that the state government will provide 200 startups with seed funding of ₹50 lakh each in the current year to promote technological innovation in the state.
Addressing the first National Startup Day, he said, "The seed funding will be facilitated to additional 75 startups to [take] tally to 200 startups in a year."
The Union government has observed the 'Startup India Innovation Week' from Jan 10-16 and announced national awards for the Startups for their innovative product development.
Out of the 56 startups awarded, 14 from the state have bagged the same to put the state on top in the country.