“We Want Karnataka to be the first choice of innovation and technology globally by the year 2020 and, so all of our initiatives are aimed at driving and strengthening the innovation and startup ecosystem in the state,” said Karnataka IT/BT minister KJ George on Thursday (November 29), at the 21st edition of the Bengaluru Tech Summit, being held from November 29 to December 1.
George stated that Karnataka was the first state in the country to recognize the growing importance of information technology (IT) and biotechnology (BT) and that disruptive emerging technologies had been taken into consideration while framing the state policies for IT, BT, electronics, animation and gaming.
Karnataka is taking steps to stimulate the creation of new technology markets with the goal of hosting 20,000 start-ups and generating revenues of $ 167 billion only from the technology sector by 2020. For example, it will organize a night drone race or a global diversified global In addition, Bengaluru Tech Summit has made an innovation pavilion available to new companies to showcase their latest technologies.
Karnataka has implemented its start-up policy, the “Startup Karnataka”, until 2020. To achieve its objectives, the state government has launched Innovate Karnataka, a new campaign to promote and stimulate innovation.
“We have adopted Innovate Karnataka as a new brand this year and we are resolutely pursuing initiatives that will enable the state to become a world leader in innovation and entrepreneurship,” said KJ George.
The minister said disruptive technologies such as AI, big data, the Internet of Things (IoT), machine learning, blockchain, robotics and drone technology will drive the digital economy in the coming years. The government has taken initiatives to create centers of excellence (CoE) in these disruptive technologies to prepare the state to take advantage of new technologies and accelerate economic growth.
“Innovation is the backbone of our economy,” added George.
Images Credit: Bengaluru Tech Summit