Bengaluru Tech Summit 2024 Launches Investor Connect to Propel Startups with $17.5B Investment Potential

November 20, 2024
Bengaluru Tech Summit 2024 Launches Investor Connect to Propel Startups with $17.5B Investment Potential
  • This 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


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