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Idea2PoC / ELEVATE Program - ELEVATE 2025
Grant
Incubator & Accelerator
About
ELEVATE 2025 is a flagship startup funding initiative by the Karnataka Government aimed at providing financial support and incubation services to innovative startups in Karnataka, offering up to ₹50 million in funding, mentorship, and various subsidies to help early-stage companies develop prototypes, validate concepts, and expand their businesses, with a special focus on supporting SC/ST and minority entrepreneurs.
Benefits
- 💰Financial SupportFunding support up to 50 million INR
- 💰Financial SupportSubsidies for patent fees, marketing, GST, and quality certification under Karnataka Startup Policy 2022-2027
- 🤝Networking OpportunitiesAccess to mentors, incubation center networks, and investor connections
Eligibility Criteria
- Must be registered as a private limited company, partnership, or LLP in Karnataka
- Established for no more than 10 years
- Annual turnover not exceeding 100 million INR
- Focus on innovation or improvement of existing products, services, or processes with potential for job or wealth creation
- Companies that have previously received funding must wait 3 years to reapply
- Special projects for SC/ST and minority entrepreneurs have additional equity and certification requirements
Participation Commitments
Mandatory incubation and mentoring at designated K-tech innovation centers or excellence centers
Target Sector
All Industries
Target Location
Karnataka, India
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Karnataka Government, Karnataka Innovation and Technology Society (KITS)