Saturday June 23, 2018
Home Business Karnataka bec...

Karnataka becomes first state to have a startup policy

0
//
82
start ups
Republish
Reprint

Bengaluru: Karnataka has become the first Indian state to have a startup policy with the cabinet clearing it, state Information Technology and Bio-Technology minister S.R.Patil said on Friday.

“Karnataka is the first state in India to come up with a Startup Policy. It will have a time frame of five years from 2015-2020,” said Patil at the Bangalore ITE.biz 2015 curtain raiser, adding the cabinet approval was accorded on Thursday.

Principal Secretary, IT and BT, V. Manjula said that the policy entails setting up incubators in post graduate colleges, a collaboration between R & D institutions and industry and technical business incubators in higher learning institutions among others.

“The operational guidelines and the finer aspects of the Startup policy and the quantum of money for the Startup fund are yet to be made. They will be drafted soon,” he said, adding funds will be released to colleges which will be given a handholding for three years and there will also be a Startup Policy review committee headed by the chief secretary.

Establishment of a Startup cell in KBITS and funding promising early stage startups are also the features of the new policy.

Meanwhile, the Karnataka government’s premier IT event Bangalore ITE.biz 2015 has severed its ties with CeBIT and is going independent from December 8-10 with the theme “Fuelling growth through disruptive innovation”.

“Bangalore ITE.biz 2015 is coming up with a renewed vigor this year… Last year in CeBIT 2014, we missed the Karnataka flavor,” said Software Technology Parks of India (STPI) director P.K. Das.

First started in 1998, the event will feature 100 plus exhibitors, 110 speakers, 1,000 delegates, 5,000 visitors and eight Young Entrepreneurs Startups in Soaring Spirits (YESS) presenters.

“Various government stakeholders will throw up challenges being faced by them in a hakathon to produce solutions in Bangalore ITE.biz 2015,” added Manjula.

Co-host STPI will confer IT export awards wherein big companies will be recognized as “Pride of Karnataka”, added Das.

Emphasizing Karnataka’s robust IT industry, Patil said: “In 2014-15, exports from Katanataka IT companies crossed Rs.2 lakh crore, and we aim to touch four lakh crore in 2020. The industry generates direct and indirect employment for 40 lakh people.”

Infosys co-founder and Karnataka IT Vision Committee head, Kris Gopalakrishnan said every Banaglore ITE.biz is different and should be relevant to the industry requirement and align with the evolving industry.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Google Plans to Make Assistant More Powerful by Investing in Startups

Google invests in startups to make its Assistant smarter

0
Chrome on Android Now Lets Users Surf Web Without Internet
Chrome on Android Now Lets Users Surf Web Without Internet. Pixabay

To make Google Assistant better, the company has announced a new investment programme for early-stage startups to build an enhanced digital assistant ecosystem.

The new initiative will include investment capital from Google to provide additional financial resources for the development, hiring and management of these startups.

The startups will get advice from Google engineers, product managers and design experts to share technical guidance and product development feedback.

“We’re welcoming companies across a diverse range of fields, including startups that are developing technologies that broaden the Assistant’s set of features,” Sanjay Kapoor, Vice President, Corporate Development at Google said in a blog post on Wednesday.

The programme will let startups access to the Google Cloud Platform — the suite of cloud computing services that run on the same infrastructure that it uses for products like Google Search and YouTube.

google
Google. Pixabay

The first batch of investments has startups like “GoMoment”, a creator of “Ivy”, a 24/7 concierge for hotel guests, capable of providing instant answers to common questions.

Another early-stage startup is “Edwin” that prepares students looking to take English as a foreign language tests such as the “Test of English as a Foreign Language” (TOEFL).

“Edwin” combines advanced AI technology with the expertise of professional English teachers to tailor lessons according to individual needs, learning style and pace.

“BotSociety” startup has created a tool that allows developers to design, prototype and user test voice interfaces.

Also Read: Google Now Lets You Register Sites Ending In .app

More than 30,000 developers worldwide have designed their voice assistant applications using “Botsociety”.

“With aPulse Labs’, developers can test their applications with real people, quickly acquire in-depth insights, and use that feedback to refine the experience,” Google said.  (IANS)