India, Nov. 7 -- The Karnataka cabinet approved the Karnataka Startup Policy 2025-2030 yesterday, with an allocation of INR 518 Cr ($58.4 Mn).

"With an outlay of INR 518.27 Cr, this policy will support the creation of 25,000 new startups, of which 10,000 will emerge from beyond Bengaluru, in cities like Mysuru, Mangaluru, Hubballi-Dharwad and Kalaburagi," Karnataka's minister of electronics, information technology & biotechnology, Priyank Kharge, said in a post on X.

Kharge added that the policy is focussed on building future-ready startups in sectors like AI, blockchain, quantum computing, semiconductor design and other deeptech domains.

Under the policy, the state government will offer strategic support to startups, including funding...