The Department of Electronics, information technology & biotechnology, Government of Karnataka, is set to organise the Venture Capital Connect, a three-day event aimed at connecting startups with investors as part of the Bengaluru Tech Summit 2024 (BTS 2024), scheduled from November 19-21, 2024. The programme is expected to attract over 50 prominent global investors, including family offices, angel investors, and venture capital firms, with a combined potential investment fund of over $17.5 billion.
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A total of 322 diverse startups have registered for the event, with 118 of them having applied for patents. These include 23 ideation stage startups, 142 early traction stage startups, 75 concept validation stage startups, and 82 growth stage startups.
The participating startups will have the opportunity to present their innovations to leading investors and receive guidance on scaling their businesses. Investors will gain access to a strong pipeline of high-growth startups from various technology sectors, providing a unique opportunity to explore new investment avenues.
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The programme focuses on driving growth for Karnataka-based startups, with support from leading investment associations and registered venture capital networks in India. This initiative is in line with Karnataka’s efforts to foster innovation, giving local startups the chance to access significant capital and mentorship.
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Priyank Kharge, minister for information technology & biotechnology and rural development & 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 programme is more than a funding opportunity, it is a strategic investment in the future of Karnataka’s entrepreneurs, who are shaping tomorrow’s technology landscape.”
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