Karnataka Launches Rs 150-Crore ELEVATE NxT for AI, Deep-Tech Startups

• Karnataka government launched ELEVATE NxT, a Rs 150-crore deep-tech startup support program focusing on AI, ML, IoT, blockchain, and other emerging technologies.
• The program offers grant-in-aid support of up to Rs 1 crore per selected startup, disbursed based on milestones, and is open to deep-tech startups nationwide.
• Out-of-state firms selected for ELEVATE NxT must register locally in Karnataka to receive funding.
• Alongside ELEVATE NxT, the Rs 75 crore Beyond Bengaluru Cluster Seed Fund was launched to accelerate startup growth in Mysuru, Mangaluru, and Hubballi-Dharwad.
• 146 startups were felicitated under ELEVATE 2025, with a strong focus on women-led and non-metro enterprises, receiving a total committed grant of Rs 38.85 crore.

Why It Matters: Karnataka boosts deep-tech innovation with ELEVATE NxT and Beyond Bengaluru funds, fostering startups statewide.