Bengaluru Tech Summit 2024 to connect startups with global investors

Bengaluru is gearing up for the annual Tech Summit, set to take place from November 19-21, with a standout event that will bring together a dynamic mix of startups and global investors.

Organized by Karnataka’s Department of Electronics, IT, and Biotechnology, the "Venture Capital Connect" initiative aims to facilitate valuable interactions between emerging startups and leading investors.

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The programme is expected to attract over 50 high-profile investors, including family offices, angel investors, and prominent venture capital firms, bringing a combined investment potential of more than USD 17.5 billion. More than 322 startups, covering various stages of growth, have registered to participate, with 118 of these startups holding patents. The registered companies range from 23 ideation-stage startups to 82 growth-stage ventures, representing Karnataka’s vibrant innovation ecosystem.

Startups will have the chance to present their business models to investors, gaining insights and mentorship on scaling their operations. Investors, in turn, will benefit from early access to a robust pipeline of high-growth, technology-driven startups.

An official statement emphasized the programme’s focus on boosting Karnataka-based startups, backed by leading investment associations and registered VC networks in India. "This initiative aligns with Karnataka’s commitment to fostering innovation, offering our startups access to substantial capital and mentorship," the statement noted.

"Karnataka is committed to supporting entrepreneurs shaping the future of technology," IT Minister Priyank Kharge reportedly said. "This programme is not just about funding but a strategic investment in our state’s innovation landscape."