Karnataka has announced a ₹600 crore DeepTech innovation plan aimed at building India’s strongest ecosystem in artificial intelligence, quantum computing, semiconductors, robotics and dual-use technologies. The initiative aligns with the upcoming Bengaluru Tech Summit and marks a shift from startup quantity to innovation quality.
Early-Stage Capital and Regional Expansion
A ₹150 crore DeepTech Elevate Fund has been introduced to back AI and deep science startups. To decentralise innovation, ₹80 crore has been allocated to the Elevate Beyond Bengaluru programme, expanding startup activity to Mysuru, Mangaluru, Hubballi-Dharwad and Kalaburagi.
Co-Investment and Institutional Support
The state is exploring a co-investment model with venture capital funds, with discussions underway for a ₹1,000 crore joint DeepTech Fund. KITVEN will deploy ₹75 crore in equity for AI and frontier-tech startups, with ticket sizes between ₹50 lakh and ₹2 crore.
Incubation and University-Led Innovation
To strengthen innovation infrastructure, ₹48 crore is allocated for new incubators at IIT and IIIT campuses in Dharwad and Kalaburagi. An additional ₹110 crore will support seed innovation across 11 universities, creating a talent pipeline for DeepTech entrepreneurship.
A Push to Build India’s DeepTech Capital
IT-BT Minister Priyank Kharge said the initiative is designed to ensure capital continuity, R&D support and global competitiveness. By bringing together universities, government institutions and private investors, Karnataka aims to position itself as the DeepTech hub of the global south.
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