As many as 300 startup women entrepreneurs have registered for mentorship and funds under the Rs 400-crore ‘Elevate 2017’ scheme to help themselves turn their ideas into successful businesses, Karnataka IT Minister Priyank Kharge said on Wednesday.
The Government has earmarked Rs 10 crore out of the Rs 400 crore fund for spending it on selected startup women entrepreneurs, but all would not be given money as some of them would seek help in mentoring, accounting and legal matters, he said in a release here. These women have registered across Mysuru, Mangaluru, Hubballi, Kalaburagi and Bengaluru and would be competing with other registered entrepreneurs to avail Rs 400 crore fund that would be distributed to 100 selected entrepreneurs.
The entrepreneurs will now pitch for funds at open house sessions to be held at various cities across the state beginning tomorrow, Kharge said. The declaration of entrepreneurs who have been selected would be made between August 29 and August 30, he added.