The Government of Karnataka has announced the establishment of the Karnataka Acceleration Network (KAN) to bolster the startup ecosystem. This pioneering initiative, orchestrated by the Karnataka Digital Economy Mission (KDEM), aims to enrich the startup landscape not just in Bengaluru, but across other burgeoning regions of the state including Mysuru, Mangaluru, Hubballi, Dharwad, and Belagavi.

KAN will be a game-changer in fostering acceleration ecosystems within these key clusters, encouraging vital collaboration between Bengaluru-based accelerators and their local counterparts. This statewide network of accelerators is designed to tackle startup challenges across critical sectors, setting a new benchmark in support and innovation.

Key Highlights of KAN

• Promotes the sharing of information between stakeholders and government departments.
• Turns research and development efforts into successful business opportunities.
• Bring technology innovations to the market for wider adoption.
• Delivers professional guidance in both technical and business aspects.
• Bridges the gap between startups, industrial sectors, venture capitalists/angel investors, and international markets.
• Enhances awareness and enforcement of Intellectual Property Rights (IPR).
• Boosts the expansion capabilities of startups in their growth phase.
• Elevates the operational efficiency of startups.
• Assists in securing venture capital and increasing customer base.
• Supplies mentorship and helps in establishing market connections.

Also Read | Tata Group set to boost Karnataka’s economy with Rs 2,300 crore investment in Aviation sector

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