The Karnataka government has officially rolled out a significant new initiative aimed at bolstering the state's innovation ecosystem. Named ELEVATE NxT, this program comes with a substantial financial backing of Rs 150 crore, specifically designed to support and nurture DeepTech startups. This move underscores Karnataka's commitment to fostering cutting-edge technological advancements and solidifying its position as a leading hub for science-driven entrepreneurship in India.
Transparent and Rigorous Selection Process
ELEVATE NxT distinguishes itself through a meticulously structured grant-in-aid framework that prioritizes transparency and fairness. The program implements a multi-stage evaluation process to ensure that only the most promising and high-impact startups receive funding. This rigorous approach is intended to identify ventures that are not only innovative but also have the potential to drive substantial economic and social benefits through their science-led solutions.
Focus on High-Impact, Science-Led Ventures
The initiative places a strong emphasis on DeepTech, which encompasses areas such as artificial intelligence, biotechnology, robotics, and other advanced technologies rooted in scientific research. By targeting these sectors, ELEVATE NxT aims to catalyze breakthroughs that can address complex challenges and contribute to sustainable development. The program's design reflects a strategic vision to move beyond conventional startup support, focusing instead on ventures that leverage deep scientific expertise to create transformative products and services.
Boosting Karnataka's Startup Landscape
With the launch of ELEVATE NxT, Karnataka reinforces its reputation as a pioneer in startup innovation within India. The Rs 150 crore fund is expected to provide critical early-stage support to DeepTech entrepreneurs, helping them overcome common hurdles such as high research costs and long development cycles. This initiative is likely to attract talent and investment to the state, further enriching its vibrant tech community and driving job creation in high-skill sectors.
The announcement, made on January 28, 2026, marks a proactive step by the state government to stay ahead in the global technology race. By establishing a clear and accountable funding mechanism, Karnataka aims to build a robust pipeline of DeepTech startups that can compete on an international scale, ultimately contributing to the nation's economic growth and technological self-reliance.
