Bengaluru, India’s startup hub
Bengaluru retained its title of India’s startup hub with 14 companies being recognised at the National Startup Awards 2021. In all, 46 startups from across the country were chosen, and 14 firms from Karnataka made up for 30 per cent of all the awards given this year. India is home to 80 plus unicorns, and a majority of them including Byju’s, Zerodha, Cred, Big Basket and Ola Electric are from Bengaluru.
The 14 startups focus on agriculture, animal husbandry, education and skill development, enterprise systems, fintech, health and wellness, industry 4.0, transport and travel. The startups that received the national awards are Umbo Idtech, Athreya Global Solutions, Leucine Rich Bio, Rubanbridge, Naffa Innovations, Simplotel Technologies, Zentron Labs, Shapos Services, Stellapps Technologies, Steradian Semiconductors, Marketxpander Services, Blinkin Technologies and Thinkerbell Labs.
Karnataka is home to the very best quantity of agri-tech startups in the nation. In 12 months, Karnataka has attracted Rs 1.60 lakh crore in FDI. Of the 57,000 startups in the nation, Karnataka is dwelling to about 13,000. Bengaluru more than doubled its enterprise capital funding to $21.3 billion in 2021.
Support from state government
The state authorities have determined to double the quantity of startups to 200 under different initiatives.. This is an initiative to handhold the start-ups with seed funding under the Idea2Poc, and the assistance can go as much as Rs 50 lakh.
The authorities will be revising its startup coverage to establish revolutionary startups in districts to ensure fairness and equity. The authorities have amended its public procurement laws to present weightage to startups in order that they’re able to compete with different established gamers in authorities tenders.
