- Published on March 7, 2025
- In Deep Tech
K’taka Budget 2025-26: ₹1,000 crore Accelerator Fund, Quantum Park and EV Cluster
Policy boost for Startup to expand in cities like Mysuru, Mangaluru, Hubballi-Dharwad, and Kalburgi, with 10,000 job creations.
- By Sanjana Gupta
In a significant move to bolster Karnataka’s image as the tech capital, the state government, on Friday, announced the Budget 2025-26, allocating a significant amount for AI initiatives.
The state allocated ₹300 crore for a Fund-of-Funds and a corpus fund of ₹100 crore for deep tech development, while also setting aside ₹50 crore over five years for the Centre for Applied AI for Tech Solutions (CATS).
The government pushed the startup ecosystem to expand further in cities like Mysuru, Mangaluru, Hubballi-Dharwad, and Kalburgi, with 10,000 job creations.
Presenting the estimated ₹4,09,549 crore budget, Karnataka Chief Minister Siddaramaiah announced development initiatives, positioning the state as a leader in technological innovation.
Additionally, u
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Sanjana Gupta
An information designer by training, Sanjana likes to delve into deep tech and enjoys learning about quantum, space, robotics and chips that build up our world. Outside of work, she likes to spend her time with books, especially those that explore the absurd.
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