Karnataka will unveil a new Information Technology policy next week, in a bid to retain its edge as the go-to destination for technology firms and startups.
The government will also do its best to create a favourable ecosystem for the startup community in Bengaluru, said C N Ashwath Narayan, Deputy Chief Minister and Minister for IT, BT and Science and Technology.
The new IT policy would focus on tier-2 and 3 cities, Narayan indicated, adding the government would strengthen educational institutions to become incubation centres in future.
Nine Indian founders of Unicorns (those startups with a valuation of over $1 billion), who started their ventures in Bengaluru, will be honoured at the 22nd edition of the Bengaluru Tech Summit (BTS), which begins on November 18.
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“At BTS , we will be announcing specific regulatory measures to enhance innovation in Bengaluru city and the rest of the state. We are currently in the process of engaging with various stakeholders to design the regulatory relaxations,” Narayan told reporters.
Source: Economic Times
