Karnataka Introducing Favorable Public Procurement Policy to Aid Startups
- ByStartupStory | November 5, 2023
Karnataka is set to introduce a preferential public procurement policy to enhance support for startups, according to Priyank Kharge, the state’s IT-BT minister. Speaking at the ‘Big Tech Show 2023’ organized by the Karnataka Digital Economy Mission (KDEM) in Mysuru, Kharge revealed the government’s plan to develop a policy that would provide government support for startups with unique intellectual property registered through the startup cell.
This policy would allow the government of Karnataka to become the first customer, facilitating the procurement of products and services with unique intellectual property, particularly for startups actively engaged in ‘Beyond Bengaluru’ initiatives.
Kharge also highlighted Karnataka’s prominent position in the tech industry, he said, “Karnataka is home to one-third of India’s tech talent. We are currently nurturing 25,000 startups in the ecosystem, with 15,000 startups receiving support from the Karnataka government”.
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Furthermore, he stated the establishment of a Skill Advisory Council for emerging technologies, dedicated Centers of Excellence in various fields, and the state’s efforts to form a Global Innovation Alliance with nearly 50 countries. This alliance aims to facilitate networking, market access, and collaboration for startups and establish specific economic corridors and global capability centers to benefit diverse ecosystems.
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