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The Karnataka government has launched Elevate 2025, a startup funding initiative offering up to 50 lakh in grant-in-aid, along with mentorship and incubation support. Early-stage startups registered in Karnataka with under 100 crore turnover can apply online by September 15. Last year, 101 startups received 25 crore through this scheme.
Funding and Support Details
Selected startups will also gain access to subsidized incubation at K-tech Innovation Hubs, expert mentoring, and technology validation. SC/ST and Minority entrepreneurs have dedicated categories (Elevate Unnati and Elevate Minorities) with specific equity and certificate requirements.
Eligibility Criteria
Pvt Ltd, LLP, or partnership startups under 10 years old, pursuing innovation or process improvement, qualify. Applicants must submit incorporation certificates, pitch decks, and notarized affidavits.
Selection Process
Startups undergo eligibility checks, pitch deck evaluation, multi-city pitching, and a Grand Finale. Officials emphasise that participation in incubation and milestone verification is mandatory for grant disbursement.
Could Elevate 2025 finally make early-stage funding easier for Karnataka’s startup founders?
(Elevate2025, StartupFunding, KarnatakaStartups, InnovationSupport, Mentorship, Incubation, EarlyStageStartups,TheLogicalIndian)
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