From Our Special Correspondent
Daijiworld Media Network - Bengaluru
Bengaluru, Jan 16: To promote technological innovation in the State, as many as 200 Startups will be provided with seed funding of up to Rs 50 lac each in the current year, Higher Education and Minister for IT/BT and Skill Development, announced on Sunday.
Addressing the first ‘National Startup Day’ event observed at Vidhana Soudha, he said this being the year of Azad Ki Amrut Mahotsav (75th year of Independence) the seed capital will be facilitated to additional 75 Startups to achieve the tally to 200 Startups in the year.
In the present year, the State has so for attracted Rs 1.60 lac crore of foreign direct investment which is more than 50% of the investment made in the entire country.
The State is home to over 13,000 Startups out of the total 57,000 in the country. In view of maintaining the leading position of the state in the sector the stress on digital education and skill development will be focussed through effective implementation of NEP, he explained.
Prime Minister Narendra Modi has said the role of Startups will be crucial in India becoming ‘vishwaguru’ and ‘super power’.
Going forward along the lines of the Prime Minister’s thought, the growth of hardware will also be facilitated together with software in the State, Artificial Intelligence and Robotics Translational Park (AIRTP) being set up at IISc stands as a testimony to the commitment towards the growth of emerging industries, the Minister said.
Under ESDM policy, Rs 5,000 crore will be given as subsidy, and out of this Rs 2,000 crore has already been given in the first year, Dr Narayana informed.
Dr Prashanth Prakash, Chief of Startup Vision Group, called on startup entrepreneurs to ‘Make for the Rest of the World’ along with ‘Making for India.
Dr EV Ramana Reddy Additional Chief Secretary, Department of Electronics and IT/BT, said translation of Ideas to Proof of Concepts and then to marketable products.
Dr Meena Nagaraj, Director, Deptartment of Electronics and IT/BT, described the Startup ecosystem of the State.
14 Startups awarded:
The Union government has observed the ‘Startup India Innovation Week’ from January 10- Janurary16 and has announced national rewards for the Startups for their innovative product development.
Out of the 56 Startups awarded, 14 from the State have bagged the innovation awards toput state on top in the country.
The national award winners are:
• Umbo Idtech Pvt. Ltd (Fintech),
• Naffa innovations Pvt Ltd.,
• Thinkerbell Labs (Edutech),
• Simplotel Technologies (Travel and Hospitality),
• Blinkin Technologies (Augmented Reality),
• Tagbox Solutions (IOT- healthcare),
• Shapos Services Pvt Ltd,
• Athreya Global Solutions,
• Zentron Labs Pvt Ltd (Agritech post-harvest),
• Marketxpander Services (Customer Relationship Management),
• Leucine Rich Bio Pvt Ltd. (Life Sciences),
• Stellapps Technologies (Animal Husbandry),
• 1 Bridge (Freight & Logistics), and Steradian Semiconductors(Traffic Management)