- Karnataka leads with 70% of startups backed under the Centre's electronics fund, with 90 of 128 companies funded being based in the state.
- 89 startups backed under the fund are located in Bengaluru, with 56 in electronics manufacturing and 33 in IT, while one is based in Belagavi.
- These firms have attracted ₹ 854.5 crore, or about 64% of the investments made by the fund's eight daughter funds.
- The Centre had committed ₹ 257.77 crore across eight daughter funds.
- Collectively, these funds have invested ₹ 1,335.77 crore in 128 startups and companies, generating over 22,700 jobs and contributing to the development or acquisition of more than 300 intellectual properties.
Karnataka is at the forefront of the Centre's Electronics Development Fund (EDF), with 90 of the 128 startups funded located in the state, representing nearly two-thirds of total investments.126
Of these, 89 startups are situated in Bengaluru, comprising 56 in electronics manufacturing and 33 in IT, while one is based in Belagavi.3
The startups have collectively attracted ₹854.5 crore, which is approximately 64% of the investments made by the fund's eight daughter funds.5
The Centre has committed ₹257.77 crore across these funds, which have together invested ₹1,335.77 crore in 128 startups, generating over 22,700 jobs and contributing to the development or acquisition of more than 300 intellectual properties.
This data underscores Bengaluru's dominance in India's electronics and deep-tech startup ecosystem, highlighting its critical role in fostering innovation and economic growth.
The electronics and information technology ministry's data indicates that Karnataka's startups are not only leading in numbers but also in the scale of investments received, showcasing the state's vibrant entrepreneurial landscape.
“The Electronics Development Fund has attracted ₹854.5 crore, accounting for about 64% of the investments from its eight daughter funds. Collectively, these funds have invested ₹1,335.77 crore in 128 startups, generating over 22,700 jobs and supporting the development of more than 300 intellectual properties.”
