“This is the first time the government has come up with such a category of awards. We want to encourage 20,000 startups in the next two years with at least 6,000 of them in product-related ones. Our effort is to fund up to Rs 50 lakh per startup registered with KBITS without asking for any equity. We all know that 90 percent of startups fail because of lack of mentorship, facilities, funds, or for a combination of all of these. By funding and providing support, we hope to make more of them successful,” said IT, BT and Tourism Minister Priyank Kharge while announcing the awards.
For these 25 awards, the government received more than 100 nominations from across Karnataka and it was open to all and not limited to startups registered with the government. The jury, comprising different industry verticals and Deloitte India, arrived at the winners who were honoured on the final day of BengaluruITE.biz 2016.
This is a very proud moment for all of us at eXabit Systems. we got selected between 1000s of different nominations & became one of the Top-25 Tech Start Up of Karnataka declared by Govt. Of Karnataka.