Karnataka’s Innoverse initiative has announced the first cohort of seven startups for its Deeptech Enabler programme, designed to help deeptech companies overcome scaling challenges beyond initial market traction. The programme provides targeted support including capital mobilisation, policy assistance, and infrastructure access over a nine-month engagement.
- Seven startups selected for deeptech scale-up support
- Programme provides market access, policy, and capital mobilisation
- Targets doubling revenue and growth capital by June 2027
What happened
Karnataka’s Innoverse has identified seven startups as participants in its inaugural Deeptech Enabler programme. This initiative targets growth-stage startups that have progressed beyond initial technology validation and early commercial traction but require assistance to scale more broadly.
Why it matters
Karnataka’s deeptech ecosystem is one of India’s largest, comprising over 2,600 companies with significant funding and infrastructure. However, many startups struggle to transition from early market entry to sustained commercial growth. The Deeptech Enabler programme, backed by the state’s IT/BT department, aims to bridge this gap and foster national and global scale for homegrown technologies.
By mobilising capital, creating policy support, and facilitating connections with customers and industry partners, the initiative seeks to strengthen the startup environment in Karnataka. The programme also supports government goals to increase combined annual revenue for participating companies from approximately Rs 35 crore to Rs 70 crore, while encouraging growth capital mobilization from Rs 150 crore to over Rs 300 crore.
What to watch next
The first cohort will engage in the programme through June 2027, with progress tracked against metrics such as revenue growth, capital mobilisation, customer contracts, and regulatory certifications. Updates on the startups’ scaling outcomes will provide insight into the programme’s impact on Karnataka’s deeptech ecosystem.
Innoverse is also developing an additional programme called Innoverse Connect aimed at earlier-stage startups facing growth challenges. The combined efforts could create a more vibrant support system for deeptech innovation in India’s leading tech state.