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Karnataka announces Rs 600cr fund for DeepTech Decade

State to unveil DeepTech Elevate Policy and host Future Makers Conclave at BTS-2025, aiming to create a Rs 1,000 crore joint fund for AI startups.

PTI

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  • The FMC, to be held on 20 November, will bring together over 10,000 founders, entrepreneurs, investors, mentors, and industry leaders, serving as a platform to showcase India’s most promising AI and DeepTech startups (X)

BENGALURU, 3 NOV


IT/BT Minister Priyank Kharge on Monday announced the launch of the 'DeepTech Decade' initiative, under which the state government will introduce a 'DeepTech Elevate Policy' with a funding outlay of Rs 600 crore to boost startups in emerging technologies.


Announcing the 28th edition of the Bengaluru Tech Summit (BTS-2025) from 18 to 20 November at the Bangalore International Exhibition Centre (BIEC), Kharge said the state will also host the Future Makers Conclave (FMC)—a first-of-its-kind event and a key highlight of this year’s summit.


The FMC, to be held on 20 November, will bring together over 10,000 founders, entrepreneurs, investors, mentors, and industry leaders, serving as a platform to showcase India’s most promising AI and DeepTech startups.


The event will feature show-and-tell sessions, keynote speeches by unicorn founders, investors, and industry captains.


The state government is in discussions with leading venture capital firms to create a joint fund of up to Rs 1,000 crore dedicated to DeepTech and AI startups.

Kharge said Rs 150 crore will go to the DeepTech Elevate Fund with a focus on AI and frontier technologies.

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