Karnataka ELEVATE Program Fuels 1,250 Startups With ₹292 Crore

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AuthorIshaan Verma|Published at:
Karnataka ELEVATE Program Fuels 1,250 Startups With ₹292 Crore
Overview

Karnataka's ELEVATE program is celebrating 10 years of supporting early-stage startups. The initiative has provided ₹292.57 crore to more than 1,250 companies. The 25th application call opens May 25, 2026, with new tracks designed to include women founders, SC/ST entrepreneurs, and startups from outside Bengaluru. These tracks aim to enhance inclusivity and foster growth across the state's innovation ecosystem, offering grants, mentorship, and access to incubation facilities.

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Karnataka's Department of Electronics, IT and Biotechnology is marking a decade of innovation with its ELEVATE grant-in-aid program. As the initiative heads into its eleventh year, the 25th application call is scheduled for May 25, 2026.

Inclusive Support Tracks

To ensure wider access to funding, ELEVATE's 25th call features four specialized tracks: a general track for all fields, ELEVATE Shakti for ventures with at least 51% women ownership, ELEVATE Unnati for SC/ST founders, and ELEVATE Aspire for startups in Tier-2 and Tier-3 cities beyond Bengaluru. These new segments aim to encourage innovation among diverse groups and across different regions within Karnataka.

Ten Years of Funding and Support

In its first ten years, ELEVATE has completed 24 application calls, distributing approximately ₹292.57 crore to over 1,250 startups. Women-led ventures have received ₹77.39 crore for 330 companies, while 464 startups outside Bengaluru have been allocated ₹102.89 crore. The program also offers mentorship, incubation support, networking, and access to government facilities.

Enhancing Startup Leadership

Priyank Kharge, Minister for Electronics, IT and Biotechnology, highlighted ELEVATE's role in strengthening Karnataka's position as India's leading startup hub. The program aligns with the Karnataka Startup Policy 2022-27, supporting the growth of early-stage ideas into scalable businesses. Additional benefits include reimbursements for patent filings, marketing, GST, and quality certifications, reinforcing the state's commitment to its entrepreneurial community.

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