The Karnataka State Cabinet has approved funding allocations of over ₹350+ Crores for technology and innovation development across the state.
₹75 Crores has been allocated for Seed Funds to support startups in Tier II and III cities including Mysuru, Mangaluru, and Hubballi, extending the Startup/Innovation ecosystem beyond Bengaluru.
The approval of SFAL 2.0 (Semiconductor Future Accelerator Lab) will advance semiconductor design IP creation, support fabless startups and electronics MSMEs, and develop specialized workforce skills, positioning it to become India's premier semiconductor design accelerator.
The Cabinet has also sanctioned ₹285 Crores for International Institute of Information Technology Bangalore IIIT-B development as part of a ₹817 Crore development project, with the remaining ₹532 Crores to be funded through CSR and the institute's resources.
These initiatives aim to strengthen Karnataka's technology infrastructure and promote balanced regional growth beyond Bengaluru!
₹75 Crores has been allocated for Seed Funds to support startups in Tier II and III cities including Mysuru, Mangaluru, and Hubballi, extending the Startup/Innovation ecosystem beyond Bengaluru.
The approval of SFAL 2.0 (Semiconductor Future Accelerator Lab) will advance semiconductor design IP creation, support fabless startups and electronics MSMEs, and develop specialized workforce skills, positioning it to become India's premier semiconductor design accelerator.
The Cabinet has also sanctioned ₹285 Crores for International Institute of Information Technology Bangalore IIIT-B development as part of a ₹817 Crore development project, with the remaining ₹532 Crores to be funded through CSR and the institute's resources.
These initiatives aim to strengthen Karnataka's technology infrastructure and promote balanced regional growth beyond Bengaluru!
The Karnataka State Cabinet has approved funding allocations of over ₹350+ Crores for technology and innovation development across the state.
₹75 Crores has been allocated for Seed Funds to support startups in Tier II and III cities including Mysuru, Mangaluru, and Hubballi, extending the Startup/Innovation ecosystem beyond Bengaluru.
The approval of SFAL 2.0 (Semiconductor Future Accelerator Lab) will advance semiconductor design IP creation, support fabless startups and electronics MSMEs, and develop specialized workforce skills, positioning it to become India's premier semiconductor design accelerator.
The Cabinet has also sanctioned ₹285 Crores for International Institute of Information Technology Bangalore IIIT-B development as part of a ₹817 Crore development project, with the remaining ₹532 Crores to be funded through CSR and the institute's resources.
These initiatives aim to strengthen Karnataka's technology infrastructure and promote balanced regional growth beyond Bengaluru!
