Bengaluru, 13 February 2024 – In a strategic move to bolster the start-up ecosystem, the Karnataka State Government has initiated the tender process for the design, development, implementation, and maintenance of “Propel.” This online platform, spearheaded by the Karnataka Innovation and Technology Society (KITS), aims to expedite the adoption of start-up solutions and facilitate their crucial initial customer acquisition.
About Propel:
Propel emerges as a robust online ecosystem designed to showcase innovative start-up solutions to both government departments and interested private companies. Under the State’s Start-up Policy, funded firms stand to benefit significantly from the Propel program. The platform becomes a conduit for start-ups to connect directly with major players such as tech multinational corporations, global capability centres, and global innovation alliance partners.
Key Features of Propel:
- Direct Opportunities: Propel creates a direct avenue for start-ups to engage with State Government departments and industries, fostering mutually beneficial collaborations.
- Partnership Catalyst: The platform acts as a catalyst for partnerships between start-ups and major corporations, enabling the latter to tap into disruptive technologies.
- Government Engagement: Start-ups gain a unique opportunity to present their innovative solutions and ideas directly to State Government departments.
Impact and Conclusion:
The launch of Propel signifies Karnataka’s commitment to nurturing a conducive environment for start-ups. By streamlining the connection between start-ups and both governmental and private sectors, Propel has the potential to catalyze innovation and drive economic growth. As the tender process unfolds, the coming months will shed light on how Propel shapes the landscape for emerging businesses, fostering collaboration and growth in Karnataka’s vibrant start-up ecosystem.
