Bengaluru, Nov 6 (PTI) The state Cabinet on Thursday approved the Karnataka Innovation Policy 2025–2030 with a total outlay of Rs 518.27 crore over five years, aiming to position the state as a global innovation hub.

Briefing reporters after the Cabinet meeting, state Law and Parliamentary Affairs Minister H K Patil, said the government aims to establish up to 25,000 additional startups, of which 10,000 will emerge from clusters outside Bengaluru.

"The policy is designed to play a vital role in developing a vibrant and supportive ecosystem to position the state as a global innovation hub by nurturing innovations throughout their life cycle and providing the resources, mentorship, and infrastructure required to foster sustainable growth and technological advancement," the minister said.

See Full Page