Karnataka Elevate 100: Comprehensive Guide to the Early-Stage Startup Reward Scheme

The Karnataka Elevate 100 is a flagship initiative by the Department of Electronics, IT, BT and S&T, Government of Karnataka. Designed to identify and nurture the most innovative startups in the state, this program provides a platform for entrepreneurs to receive non-equity grants, mentorship, and technical support to scale their ideas into viable businesses.

What is this scheme?

Elevate 100 is a multi-sector startup competition aimed at identifying 100 innovative early-stage startups across Karnataka. Unlike traditional venture capital, this program provides government-backed grants and strategic support without taking equity in the company. It places a special emphasis on startups from Tier-2 and Tier-3 cities and those led by women or entrepreneurs from marginalized communities to ensure inclusive economic growth.

Who is eligible?

• The startup must be registered in Karnataka for less than 10 years.
• The entity must be incorporated as a Private Limited Company or a Registered Partnership/LLP.
• The startup must have a unique product or solution with a strong innovation quotient.
• At least 50% of the workforce must be employed in Karnataka.
• The company should not have reached an annual turnover exceeding INR 100 crore in any previous financial year.
• Preference is given to startups based in Tier-2 and Tier-3 cities.

How much money?

Selected startups are eligible for a non-equity grant of up to INR 50 Lakhs per startup, depending on the stage of development and evaluation by the grand jury.

Documents needed

1. Certificate of Incorporation or Registration
2. Company PAN Card
3. Founders' ID Proof and Residential Proof in Karnataka
4. Detailed Pitch Deck (PPT format)
5. Audited Financial Statements (if applicable)
6. DPIIT Recognition Certificate
7. Proof of Address for the Karnataka-registered office

How to apply (step by step)

1. Register your startup on the official Startup Karnataka portal.
2. Fill out the Elevate 100 online application form detailing the innovation and business model.
3. Submit a pitch deck along with the required verification documents.
4. Undergo a preliminary screening by an expert committee.
5. Participate in a multi-city pitch session (if shortlisted).
6. Present before the Grand Jury for final selection and grant approval.

Important dates

Conclusion

The Karnataka Elevate 100 program remains one of the most prestigious catalysts for the Indian startup ecosystem. By providing financial stability through grants and access to a massive networking pool, it empowers local entrepreneurs to solve global problems. If you have a breakthrough idea and are based in Karnataka, this is your gateway to success.