ELEVATE 2024 and Karnataka Accelerator Network (KAN) initiatives have been launched by the Karnataka government.
The Elevate 2024 scheme has been designed for early-stage startups. It is a grant-in-aid seed fund scheme.
It provides grants of up to ₹50 lakh per start-up.
It also supports incubation, mentorship, incentives, and access to venture capital networks.
This scheme is a gateway to avail various benefits under the Karnataka Startup Policy 2022-27.
About 302 start-ups will benefit from the program over six cohorts in three years.
Karnataka Accelerator Network (KAN) is an acceleration network for providing mentorship, market access, and funding opportunities for growth-stage start-ups across Karnataka.
Karnataka is the first state to implement such a comprehensive scheme for startups.
