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Karnataka is set to launch a groundbreaking initiative offering ₹25,000 per month for a year to individuals who have left their jobs to pursue entrepreneurship. Announcing this at a Startup Conclave in Bengaluru on August 9, IT-BT Minister Priyank Kharge shared, “We are introducing an entrepreneurship programme,
likely the first of its kind in India, where those transitioning to entrepreneurship will receive a monthly stipend. While ₹25,000 is modest given current inflation, it ensures that basic domestic expenses are covered.”

Kharge also spotlighted the success of the state’s Elevate programme, describing it as “the most-loved scheme for startups.” He added, “If startups are registered with Karnataka and have succeeded in the Elevate programme, the government will be your first customer.”

The Rajiv Gandhi Entrepreneurship Programme (RGEP), proposed in Karnataka CM Siddaramaiah’s 2024-25 budget, will focus on young entrepreneurs with a science or engineering background, offering them ₹25,000 per month for 12 months along with guidance from K-tech innovation hubs.

Kharge highlighted the broader impact of Karnataka’s supportive ecosystem, which
has attracted entrepreneurs from other states. “Bengaluru didn’t become the world’s fourth-largest technology cluster overnight,” he said. “Our evolution from a back-office hub to a leader in R&D has fueled innovation, positioning Karnataka as the top state in service exports and Innovation Index rankings.”

Kharge also discussed the Global Innovation Alliance with 32 countries, which creates international corridors for Karnataka startups, including partnerships in Germany, Australia, and Belgium. He revealed plans for sector-specific corridors, such as an AI corridor linking San Francisco with Bengaluru.

“We are committed to creating opportunities for startups,” Kharge stated, noting
the upcoming Bengaluru Tech Summit, Social Innovation Summit, Urban Solutions Summit, Clean Water Summit, and Circular Economy Summit. “These events will focus on real-world challenges, and we’re ready to support disruptive solutions, including funding pilot projects within the government.”

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