VentuRISE: Karnataka Startup Challenge
The Government of Karnataka has recently launched “VentuRISE” – Global Startup Challenge, to recognize, reward and support growth stage startups in manufacturing and sustainability related sectors. The Startup Challenge is a part of the Bangalore Palace flagship event to be held from 2nd to 4th November 2022.
This global challenge will provide an opportunity to budding entrepreneurs across the globe to showcase their products/solutions to entrepreneurs around the world and build a strong network to support their enterprises.
The challenge will focus on startups in manufacturing and sustainability-related sectors through a screening and selection process conducted by experts in the field for the next two months.
A cash prize of USD 1,00,000 has been earmarked for its winners. The winners get access to clients, exclusive pitch sessions at Invest Karnataka and an investor meet and curated mentoring session on the same. Marquee PE, VC and angel investors are expected to participate.
The Startup Challenge will be a 3 round challenge which will be conducted over a period of 2 months. The process will include online application submission, online pitching to the jury, and final presentation at the Global Investors Meet and media visibility across all platforms.
Category: States Current Affairs
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