Karnataka launches global startup challenge to assist entrepreneurs from manufacturing sector

Bengaluru, Sept 2 (KNN) A global startup challenge ‘VentuRISE’, launched by the Karnataka government on Thursday will aim to support startups in manufacturing and sustainability related sectors.

The global startups will provide entrepreneurs from across the globe a platform to showcase their innovative products or solutions and connect with potential investors.

VentuRISE will be a part of the Global Investors Meet-Invest Karnataka 2022, which will be held from November 2 to 4 in Bengaluru.

The winners of the challenge will be awarded a cash prize of USD 100,000.They will also get access to customers, exclusive pitch sessions at Invest Karnataka and curated investor meetings and mentoring sessions.

During the unveiling ceremony of VentuRISE logo, the Minister for Large and Medium Industries Murugesh R Nirani, said that the aim is to promote Karnataka as the preferred destination for startups in manufacturing and sustainability sectors.

More than 2,000 applications are expected to come up for the startup challenge.  (KNN Bureau)