Government Funds



Funding Opportunities For Startups

Fund Name: Idea2PoC Grant     

Details: A programme to provide early stage funding to ideas or concepts which are yet to establish the proof of concept in the real world.           

Corpus: Up to Rs. 50 Lacs for selected ideas        

Available To: Open to anyone from Karnataka who has an idea and is willing to commit time to bring it to a PoC stage

Process to Avail: 

This is followed by shortlisting through evaluations by the panel of judges and presentations before the Idea2PoC committee.


Fund Name: Grand Challenges 

Details: An initiative to facilitate generation of Innovative Technology solutions with a social impact in various sectors like Urban Development, Health Care, Food Security, Clean Environment and Education for all etc.          

Corpus:

  • Up to Rs. 10 Lacs for 5 shortlisted projects
  • Up to Rs. 50 Lacs for 1 innovation selected from the list of 5        

Available To:

Open to anyone from any discipline in India - from individuals, researchers and faculty in colleges/ universities/ government labs/ institutions to start-ups, and not for profit organizations 

Process to Avail:

Applicants should register on the program website, fill an online form at www.impactkarnataka.org


Fund Name: Semiconductor Venture Fund        

Details : A venture fund focused on investment and development of Semiconductor industry with investments in units catering to semiconductors, Electronics system design and manufacturing (ESDM), embedded systems and such other allied sectors within the state of Karnataka. 

Corpus: Rs. 92.95 Crores             

Available To:

  • Start-up, early stage, and SMEs
  • Maximum funding: Rs 9.20 Crores      
  • Minimum funding: Rs 2 Crores
Process to Avail

Send executive summary covering aspects like brief background of company & promoters, technology, past financial performance, market opportunities, uniqueness of the product / technology / solution, funding requirements by email to info@kitven.com

OR

Send the physical application form to Karnataka Asset Management Company Private Limited, 403, HVS Court, 4th Floor, HVS Court, 21, Cunningham Road, BANGALORE – 560052

A panel of experts judge the application and have further discussions and presentations to decide on the funding.


Fund Name: Bio Venture Fund 

Details: A fund that invests in companies/ enterprises engaged in the agricultural, pharmaceutical, industrial, IT and other services, related to Biotechnology and allied industries in Karnataka.         

Corpus: Rs. 50 Crores    

Available To:

  • Start-ups, Early Stage, and SMEs
  • Maximum funding: Rs.3.50 Crores
  • Minimum funding: Rs. 1 Crore
Process to Avail

Send executive summary covering aspects like brief background of company & promoters, technology, past financial performance, market opportunities, uniqueness of the product / technology / solution, funding requirements by email to info@kitven.com

OR

Send the physical application form to Karnataka Asset Management Company Private Limited, 403, HVS Court, 4th Floor, HVS Court, 21, Cunningham Road, BANGALORE – 560052

A panel of experts judge the application and have further discussions and presentations to decide on the funding.


Fund Name: AVGC Venture Fund            

Details: A fund focused on enterprises engaged in Animation, Visual Effects, Gaming and Comics (AVGC) sector and other related businesses.           

Corpus: Rs. 20 Crores    

Available To:

  • Start-ups, Early Stage, Small and   Medium Sized   Enterprises
  • Maximum funding: Rs.2 Crores
  • Minimum funding: Rs. 50 Lacs
Process to Avail

Send executive summary covering aspects like brief background of company & promoters, technology, past financial performance, market opportunities, uniqueness of the product / technology / solution, funding requirements by email to info@kitven.com

OR

Send the physical application form to Karnataka Asset Management Company Private Limited, 403, HVS Court, 4th Floor, HVS Court, 21, Cunningham Road, BANGALORE – 560052

A panel of experts judge the application and have further discussions and presentations to decide on the funding.