Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Tuesday, 29 October 2024

Helping Start ups

 


 

Article link:

The Hindu - Karnataka launches new programmes to help start-ups

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Extract from the article:

 

Karnataka has introduced two flagship programmes, the Karnataka Acceleration Network (KAN) and ELEVATE, aimed at supporting early-stage start-ups by addressing their funding challenges.

 

These initiatives offer grants of up to 50 lakhs per start-up, providing essential financial resources crucial for fueling their growth and sustenance. By fostering an environment conducive to innovation and entrepreneurship, the state is paving the way for a thriving start-up ecosystem.

 

This strategic move not only empowers budding entrepreneurs but also contributes to economic growth and job creation by nurturing a culture of innovation and risk-taking. By focusing on addressing the funding woes of start-ups, Karnataka is positioning itself as a frontrunner in the start-up landscape, attracting talent and investment to propel the state's entrepreneurial endeavors.

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My Take:

 

A.   Karnataka Govt Start Up Policy

 

"Reflecting on the Karnataka Government's recent initiatives to support start-ups, I am reminded of my past advocacy for a robust start-up ecosystem.

 

Years ago, in my blog addressing the need for a 'Start Up Act - 2015,' I emphasized the importance of nurturing entrepreneurship through supportive policies.

 

The current launch of KAN and ELEVATE aligns with the vision I had proposed, showcasing the state's commitment to fostering innovation."

 

B.   Congratulations Dr. Anil Sahsrabudhe

 

"In my blog congratulating Dr. Anil Sahsrabudhe, I discussed the significance of incentivizing start-ups in critical sectors like healthcare and education.

 

The provision of grants up to 50 lakhs for start-ups in Karnataka echoes the idea of offering funds for projects in priority areas.

 

This initiative not only boosts entrepreneurship but also underscores the importance of strategic investment in sectors vital for societal progress."

 

C.   Government plans Rs 1,000-crore fund for startups in priority areas

 

"Addressing the challenges of turning start-ups profitable, the recent announcement of a Rs 1,000-crore fund for priority areas aligns with the need to enable sustainable growth avenues.

 

My past advocacy for an 'Employment Generation Subsidy' resonates with the current focus on creating job opportunities through start-ups in crucial sectors. The emphasis should now shift towards ensuring the viability and scalability of these ventures for long-term success."

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Call to Action:

 

To the policymakers in Karnataka,

 

I urge you to continue fostering a supportive ecosystem for start-ups by streamlining processes for accessing grants and providing mentorship opportunities.

 

Encouraging collaboration between academia, industry, and government can further enhance the effectiveness of these initiatives.

 

Let's work together to ensure the sustainability and success of start-ups in Karnataka.

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With regards,

 

Hemen Parekh

 

www.My-Teacher.in

 

www.HemenParekh.ai    /  30  Oct  2024

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