Karnataka Elevate 100: Grand Challenge for Early-Stage Tech Startups
Explore the Karnataka Elevate 100 program by KITS. Learn about eligibility, funding benefits up to 50 Lakhs, and the application process for early-stage startup
The Karnataka Elevate 100 program is a flagship initiative by the Department of Electronics, IT, BT, and Science & Technology, Government of Karnataka. Designed to identify and nurture the most innovative startups in the state, it provides a platform for early-stage entrepreneurs to scale their ideas into impactful businesses through funding, mentorship, and ecosystem support.
What is this scheme?
Elevate 100 is a 'Grand Challenge' style scouting program aimed at identifying the top 100 startups across various sectors including IT, Agriculture, Clean-tech, and Biotech. Selected startups receive a grant-in-aid to support product development, proof of concept (PoC) validation, and market entry, positioning Karnataka as a global destination for innovation.
Who is eligible?
- The startup must be registered and headquartered in Karnataka.
- The entity must have a valid DIPP/DPIIT recognition number.
- The startup should be in the early stage (less than 10 years from the date of incorporation).
- Individual entrepreneurs or ideation-stage teams must incorporate a private limited company before final fund release.
- The startup must not have received similar funding from other Karnataka government schemes for the same product.
- A significant focus is given to startups led by women, SC/ST entrepreneurs, and those from Tier-2/Tier-3 cities.
How much money?
Successful startups may receive a grant-in-aid of up to ₹50 Lakhs (subject to the stage of the startup and evaluation committee recommendations).
Documents needed
- Certificate of Incorporation
- DPIIT Recognition Certificate
- Detailed Project Report (DPR) or Pitch Deck
- Audited Financial Statements (if available)
- Founder identity proof (Aadhaar/PAN)
- Proof of Registered Office in Karnataka
- Bank account details for the registered entity
How to apply (step by step)
- Navigate to the official Startup Karnataka portal (KITS).
- Register your startup profile and obtain login credentials.
- Fill out the Elevate 100 online application form with detailed business and technical information.
- Submit your pitch deck and required documentation during the call for applications.
- Shortlisted startups will be invited for a multi-stage pitching session before a jury of experts.
- Undergo a due diligence process including financial and technical verification.
- Upon final selection, the grant is released in stages based on predefined milestones.
Important dates
| Event | Date |
|---|---|
| Application Cycle | Announced annually; check Startup Karnataka portal for the latest window |
| Selection Process Duration | Typically takes 3 to 6 months from application closing |
Conclusion
The Karnataka Elevate 100 program is more than just a financial grant; it is a gateway to the state's robust startup ecosystem. For founders looking to bridge the gap between an idea and a viable product, this scheme offers the necessary validation and capital to accelerate growth in a competitive market.
Comments (0)
Sign up to join the conversation.