Bengaluru Tech Summit 2024 Launches Investor Connect to Propel Startups with $17.5B Investment Potential
November 20, 2024This three-day event aims to foster connections that could lead to multi-billion-dollar investments and significant job creation in Karnataka.
Hosted by the Department of Electronics, IT, BT, and S&T of Karnataka, the summit showcased various initiatives to enhance the state's leadership in technology and innovation.
These initiatives are expected to position Karnataka as a global innovation leader, attracting both talent and investments.
To further support the startup ecosystem, three new Technology Business Incubators (TBIs) have been established, with MoUs signed with partners to operationalize these facilities.
A strategic collaboration with LetsVenture was also announced to improve startup visibility and investor engagement through mentor-mentee support and fundraising opportunities.
Over 200 startups will benefit from personalized mentoring by experienced professionals, highlighting the importance of mentorship in their growth.
Health Minister Dinesh Gundurao emphasized the role of technology, such as AI and telemedicine, in enhancing healthcare delivery, particularly in rural areas.
The Venture Capital Connect program, part of BTS 2024, aims to connect startups with over 50 global investors, potentially bringing in more than $17.5 billion in investments.
Among the initiatives, the Elevate Programme offers branding support of up to Rs 50 lakh for emerging startups to enhance their market presence.
Additionally, the Startup Awards for 2025 were announced, inviting startups to showcase their achievements and innovations within a rigorous evaluation process.
The Bengaluru Tech Summit (BTS) 2024 introduced the Investor Connect Program, a new initiative designed to assist startups in securing funding, featuring over 200 startups pitching to more than 100 investors.
The launch of INNOVERSE, an innovation campus aimed at developing deep tech innovations, was another highlight, supporting technologies like AI, ML, and cybersecurity.
Summary based on 2 sources
Get a daily email with more Startups stories
Sources
Business Standard • Nov 19, 2024
Bengaluru Tech Summit unveils initiatives to support startups at all stages