The Department of Electronics, Information Technology and Biotechnology, Government of Karnataka is set to organize the Venture Capital Connect, a three-day event aimed at connecting startups with investors under the Bengaluru Tech Summit 2024 (BTS 2024), scheduled from November. 19-21, 2024. The program is expected to attract more than 50 leading global investors, including family offices, angel investors and venture capital firms, with a combined potential investment fund of more than 17.5 billion of dollars.

A total of 322 various startups registered for the event, with 118 of them filing a patent application. These include 23 startups in the ideation stage, 142 startups in the early traction stage, 75 startups in the proof-of-concept stage, and 82 startups in the growth stage.

Participating startups will have the opportunity to present their innovations to leading investors and receive advice to grow their business. Investors will have access to a robust portfolio of high-growth startups from diverse technology sectors, offering a unique opportunity to explore new investment avenues.

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The program focuses on the growth of startups based in Karnataka, with the support of leading investment associations and venture capital networks registered in the country. India. The initiative is part of Karnataka’s efforts to foster innovation, giving local startups the opportunity to access significant capital and mentorship.

Priyank Kharge, Minister for Information Technology, Biotechnology and Rural Development and Panchayati Raj, Government of Karnataka, said, “Karnataka has always been at the forefront of innovation, and with BTS 2024, we are amplifying this momentum by creating a direct bridge between our startups and global investors. This program is more than a funding opportunity, it is a strategic investment in the future of Karnataka’s entrepreneurs, who are shaping the technology landscape of tomorrow.