Karnataka IT dept proposes $21 million debt fund,talent acceleration program & more

Karnataka Govt is now further expanding options to boost funding in the startup ecosystem. IT & Biotechnology dept has reportedly proposed to earmark INR 150 Cr ($21 million) for a debt fund to help companies secure Series-A.

The debt fund would be in addition to the government’s existing schemes under which startups are provided seed funding and venture capital support.

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