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Why Karnataka Should Tread with Caution While Encouraging PSUs to Fund Startups

Subscribe or log in to Continue Reading Uncompromising innovation. The Karnataka government has moved to deepen its role in startup financing by encouraging state public sector enterprises (PSEs) to invest in government-backed venture capital funds, such as Karnataka Information Technology Venture Capital Fund (KITVEN). The government aims to unlock more patient capital for deep tech and frontier startups. Announcing the move, Karnataka’s minister for electronics, IT/BT and biotechnology...