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Tech ObserverNewsGovTechHubballi Cluster Venture Fund gets ESDM boost with Rs 300 crores pipeline

Hubballi Cluster Venture Fund gets ESDM boost with Rs 300 crores pipeline

The government of Karnataka said that the Electronics System Design & Manufacturing (ESDM) sector attracted investment interest of Rs 300 crores for the Hubballi Cluster Venture Fund.

The government of Karnataka said that the Electronics System Design & Manufacturing (ESDM) sector attracted investment interest of Rs 300 crores for the Hubballi Cluster Venture Fund.

The government of said that the Electronics System Design & Manufacturing () sector attracted investment interest of Rs 300 crores for the Cluster Venture Fund.

“We are proud to announce that Hubballi-Dharwad-Belagavi cluster in the last year has seen a cumulative revenue of Rs 1,400 crores. We have received investment interests of Rs 300 crores in the ESDM sector alone,” said Karnataka’s IT minister C N Ashwath Narayan.

“I am thrilled to see KDEM’s initiative to bring entrepreneurs, industry, academia, and government together, and the momentum for Beyond Bengaluru building up and becoming a reality,” said Karnataka’s IT minister

The announcements were made at Techceleration 2022, a two-day event organised by the Karnataka Digital Economy Mission (KDEM) to bring together industry leaders, policy makers, R&D community members, and representatives from start-ups in an effort to push the next wave of development beyond the Bengaluru cluster of HDB, according to a statement.

In addition, as part of the Beyond Bengaluru programme, KDEM will conduct regional shark tanks and Women at Work programmes at cluster marketplaces to create opportunities for start-ups and women-led platforms. The authorities asserted that more than two hundred women attended the Techceleration event.

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