India, Nov. 11 -- Karnataka State Cabinet has approved the new Karnataka Startup Policy 2025-2030. This policy aims to establish up to 25,000 startups, including 10,000 outside Bengaluru, over the next five years. A budget of Rs 518.27 crore has been approved for the implementation of the policy.

It adopts a comprehensive approach to strengthening the state's startup ecosystem through targeted interventions in key areas, such as funding, incubation, infrastructure, mentorship, acceleration, R&D and industry collaboration.

Priyank Kharge, IT/BT Minister, noted that Karnataka already stands as the unrivalled leader in India's startup landscape, playing a pivotal role in positioning the country as a global innovation and entrepreneurial hu...