Karnataka cabinet clears Rs 518 crore Startup Policy; to support 25,000 startups in AI, blockchain

The Karnataka Cabinet on Thursday approved the Startup Policy 2025-2030 with an outlay of Rs 518 crore to back the state’s innovation ecosystem. The policy will help set up 25,000 startups in artificial intelligence (AI), blockchain, quantum computing and other deeptech domains. This includes 10,000 startups beyond the Bengaluru region to promote equitable growth in the state.

The government said the policy will establish Karnataka as the “champion state” in the startup ecosystem. “It will build on the state’s strong legacy of innovation,…