K’taka to incubate 20,000 start-ups

Bengaluru: The tech-savy state of Karnataka will incubate about 20,000 start-ups by 2020 to create six lakh direct and 12 lakh indirect jobs, Chief Minister Siddaramaiah said on Tuesday.

"We are setting up a start-up cell as a one-stop-shop to help young entrepreneurs float start-ups and guide them in launching their ventures as they will have little knowledge of corporate affairs," Siddaramaiah said, flagging off the 18th edition of Bangalore ITE.biz 2015 here.

The Karnataka government has recently unveiled a start-up policy 2015-2020 to promote entrepreneurship, set up incubation centres, foster partnerships between research and development (R&D) and industry and provide early stage funding to start-ups