CII Karnataka sets up task force to assist startups in tier-II cities

Bengaluru, July 20 (KNN) The CII Karnataka has setup a task force to strengthen the startup ecosystem of Bengaluru and to help new startups in tier-II cities develop.

The primary objective of the startup task force will be to help in bringing together various stakeholders including startup founders, mentors, incubators, accelerators, angel investors, and VC firms.

The CII on Tuesday announced numerous initiatives targeting startups, especially those focused on the B2B space.

“We has identified a few areas that startups struggle to surmount despite pursuing great ideas. The task force would offer them a host of assistance including access to large corporates, mentorship by CEOs, helping them with proof of concept (PoC) at large industries and connecting them with angel/venture investors,” Arjun M Ranga, CII Karnataka chairman told ET.

He also suggested startups to take CII membership in order to avail a host of benefits including sessions and events relevant to them.

Being part of the CII would also bring them many advantages including in policy advocacy, interactions with the government at the highest level and become globally competitive, he added.

CII Karnataka is also planning to host events at open spaces as part of the outreach programme to bring startups onboard.

A recent data released by Dealroom.Co shown that Bengaluru is the leading Asian city and fifth ranked hub in the world for tech venture capital investment in 2022.  (KNN Bureau)