The Karnataka Cabinet has approved a state startup policy that aims to stimulate the growth of 25,000 startups in the next five years and position the state as a champion of startups.

During a cabinet meeting held in Belagavi, where the legislature’s winter session is underway, the decision regarding this policy was taken.

Ashwath Narayan added that the policy would help create an enabling environment for nurturing startups throughout their business life cycle and make Karnataka a global innovation hub for startups.

It focuses on promoting startups in emerging technology clusters beyond Bengaluru by creating a conducive environment and offering startups an ideal ecosystem for growth.

https://thestartuplab.in/karnataka-cabinet-approves-startup-policy-for-2022-27-plans-to-foster-25k-startups/