13th August 2023, Mumbai: Speaking at the valedictory session of the Indian StartUp Festival-2023 at Sathya Sai Village here, Boseraju said it is imperative for constant research and development in the field of science and technology that is fundamental to the startup ecosystem.
Conduct research and development in startups and industries
Karnataka Minister N S Boseraju on August 12 said a state-level research foundation will be formed to conduct research and development in startups and industries. Speaking at the valedictory session of the Indian StartUp Festival-2023 at Sathya Sai Village here, Boseraju said it is imperative for constant research and development in the field of science and technology that is fundamental to the startup ecosystem.
Focused on protecting ecology and environment
“Our government is taking all necessary steps to create an enabling atmosphere including scientific temperament in the process of learning. We have also focused on protecting ecology and environment as well as ensure a robust economy,” said the minister, who holds the Science and Technology and Minor Irrigation departments. Stating that Bengaluru is rightly described as the startup capital of the country, Boseraju said the government has created an enabling atmosphere in terms of infrastructure because of which a number of startup industries are coming up in a big way.
“In this respect, research and development is very important. In an effort to provide R&D to the industries, Karnataka Research Foundation is being established. Individuals, industry experts can provide their know-how to the proposed KSRF,” the minister explained.
Hub of Start ups in Karnataka
Karnataka is home to the country’s startup capital Bengaluru, which, as per Inc42, counts 1,700 funded startups across a gamut of sectors.
The formation of the KSRF adds to a series of sops announced by the state government in recent months. In his budget 2023 announcements, chief minister Siddaramiah proposed the setting up of a high-tech incubation centre called INNOVERSE as well as an Initial allocation of INR 1 Cr for the ‘Propel’ initiative, which aims to speed up the adoption of solutions developed by state-funded startups by local authorities.
By ASC Priya