Karnataka ELEVATE 100: A Gateway for Early-Stage Startups to Scale

The Karnataka ELEVATE program is a flagship initiative by the Department of Electronics, IT, BT, and S&T, Government of Karnataka. Designed to identify and nurture high-potential startups, the program provides comprehensive support including funding, mentorship, and industry connections to transform innovative ideas into scalable business models.

What is this scheme?

ELEVATE 100 (part of the larger ELEVATE Karnataka initiative) is an idea-to-market platform that identifies the top 100 most innovative startups across the state. It acts as a multi-tier selection process where startups receive grants-in-aid, access to government resources, and technical support to validate their products and reach the commercialization stage.

Who is eligible?

• The startup must be registered in Karnataka.
• The entity must be incorporated as a Private Limited Company or a Registered Partnership Firm.
• The startup should not have exceeded 10 years from the date of incorporation.
• Total turnover of the startup must not exceed INR 100 Crores in any previous financial years.
• The startup must be working towards innovation, development, or improvement of products or services with a high potential for employment or wealth creation.
• Must be recognized by the Startup Karnataka portal.

How much money?

Successful startups can receive a grant-in-aid of up to INR 50 Lakhs (subject to the stage of the startup and evaluation committee recommendations).

Documents needed

1. Certificate of Incorporation (MCA)
2. DPIIT Recognition Certificate
3. Company PAN Card
4. Detailed Project Report (DPR)
5. Pitch Deck
6. Founder’s Proof of Residency in Karnataka
7. GST Registration (if applicable)
8. Bank Statement (Last 6 months)

How to apply (step by step)

1. Register the startup on the official Startup Karnataka portal.
2. Submit the ELEVATE application form with required business details and project summaries during the call for applications.
3. Participate in the multi-stage pitching sessions (Multi-City Pitching or Virtual Pitching).
4. Undergo a final pitch session before a Grand Jury of experts.
5. If selected, undergo the due diligence process for financial and technical verification.
6. Receive the first installment of the grant-in-aid based on the fund release schedule.

Important dates

Conclusion

The ELEVATE 100 program remains one of India's most successful state-led startup initiatives, significantly lowering the barriers to entry for first-generation entrepreneurs. By providing non-dilutive funding and expert mentorship, Karnataka continues to solidify its position as the startup capital of India.