News > Karnataka State To Rope In HNIs, Movie Stars For INR 100 Cr Startup Fund

Karnataka State To Rope In HNIs, Movie Stars For INR 100 Cr Startup Fund

08/04/2021 11:30 PM | Click to read full article

On March 8, during the budget speech, chief minister BS Yediyurappa had announced that the state government would set up a new INR 100 Cr venture capital fund to support emerging technology firms and cement Karnataka's pole position in innovation.

The government will provide INR 25 Cr as its share for this and the balance INR 75 Cr will be contributed by other institutions.