Karnataka to Host Global ‘Startup-VC Connect’ at Bengaluru Tech Summit 2024
Bengaluru is set to be the vibrant stage for the Venture Capital Connect program, a three-day event connecting startups with investors. Organized by the Department of Electronics, IT, and Biotechnology (Bt) of the Government of Karnataka, this exciting initiative is part of the renowned Bengaluru Tech Summit 2024 (BTS2024) scheduled from November 19-21, 2024. The program is poised to attract more than 50 prominent global investors, including diverse family offices, angel investors, and venture capital firms, collectively bringing forth a potential investment fund exceeding 17.5 billion USD.
With over 322 startups registered to participate, the program showcases a wide array of innovative projects. Impressive statistics reveal that among these, 118 startups have pursued patent applications, highlighting the rich tapestry of innovation they bring. The participants encapsulate various business stages, with 23 ideation-stage startups, 142 early traction stage startups, 75 concept validation stage startups, and 82 growth-stage startups. Each startup is presented with a remarkable chance to showcase its cutting-edge innovations to an audience of influential investors, receiving invaluable insights and mentorship aimed at scaling their businesses successfully.
The investors benefiting from this initiative are granted exclusive access to a vibrant pipeline of innovative, high-growth startups across a multitude of technology sectors. This program specifically targets the catalyzation of growth for Karnataka-based startups, enjoying the support of leading investment associations and registered VC networks within India. Such focus underscores the state’s unwavering commitment to fostering innovation and offering local startups an essential bridge to substantial capital and expert mentorship.
Minister for Information Technology and Biotechnology and Rural Development, Priyank Kharge, emphasized the significance of this initiative, “Karnataka has always been at the forefront of innovation, and with BTS 2024, we are amplifying this momentum by creating a direct bridge between our startups and global investors. This programme is more than a funding opportunity, it is a strategic investment in the future of Karnataka’s entrepreneurs, who are shaping tomorrow’s technology landscape.”
The Venture Capital Connect program stands as just one among the myriad of initiatives curated for the startup community at BTS 2024. The summit will also include a dedicated Startup track spanning three days, featuring engaging panels and keynotes that delve deep into the heart of emerging trends and innovations. In addition, a Startup Pavilion will offer entrepreneurs a dynamic platform to exhibit their groundbreaking products and solutions.
Moreover, the event will incorporate a Product Launch arena, networking programs, and celebratory awards, fostering a vibrant ecosystem where ideas thrive, collaborations happen, and futures are crafted. These comprehensive programs are designed to not only celebrate innovation but to facilitate meaningful connections and opportunities for those at the cutting edge of technological advancement.
As Bengaluru prepares to host this global congregation of minds, the anticipation builds for an event that promises to solidify Karnataka’s position as a beacon of innovation and entrepreneurship on the global stage. The Bengaluru Tech Summit 2024 is poised to be a landmark event, nurturing new ideas and accelerating the growth of startups while connecting them with the power of visionary investment.
