Entrepreneurship | March 16, 2017

Karnataka launches “proof of concept” fund for women entrepreneurs

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Karnataka has launched a “proof of concept” fund for women entrepreneurs.

The state in southwestern India, home to tech hub Bangalore, created Idea2POC — for proof of concept — to help female innovators prove out their concepts, get certified and pilot their manufacturing processes.

The Rs 10 crore ($1.5 million) fund is part of the state’s $333 million initiative to nurture 20,000 tech, social impact and other startups by 2020.