ELEVATE NxT
News –
- Karnataka’s ₹150-crore deep-tech initiative, is drawing massive national interest.
- Out of 983 total applications, 213 originated from outside Karnataka, reflecting a nearly 23% out-of-state participation rate.
ELEVATE
- It is a flagship initiative by the Department of Electronics, IT, Bt, and S&T, Government of Karnataka.
- It is designed to identify and nurture innovative early-stage startups.
- It provides comprehensive support, including grant-in-aid funding, mentoring, and access to venture capital.
Key Funding & Support Tracks
- ELEVATE (General): Offers a one-time grant of up to ₹50 Lakhs to help startups develop prototypes, conduct market trials, and scale their business.
- ELEVATE Unnati: Specifically targets startups led by SC/ST entrepreneurs, providing up to ₹50 Lakhs in seed funding to foster social inclusion.
- ELEVATE NxT (Deeptech): A flagship program under the LEAP framework focused on scaling high-potential Deeptech and AI startups.
- ELEVATE WomEN: Dedicated to accelerating women-led startups
- ELEVATE Minorities: A specialized track to support and fund entrepreneurs from minority communities.
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