The programme is an Idea2PoC grant-in-aid seed funding programme for SC/ST startups with innovative ideas/ solutions, with up to Rs 50 lakh in funding support.
Karnataka has provided funding to 489 startups, with a committed amount totalling Rs 116.73 crore, Deputy Chief Minister Dr Ashwath Narayan said here at the awards ceremony of Elevate Unnati 2020, a social inclusion programme to promote startups from the SC/ST community.
The DyCM said the state had given seed funding without taking any equity. This is done by the Social Welfare Department under the Scheduled Caste Sub Plan/Tribal Sub-Plan scheme.