Recently, Karnataka has had a lot to deal with; be it the recent climatic turmoil or Café Coffee Day founder’s sad demise. This has, however, not affected the startup ecosystem development of the state in the slightest.
IamHere, the Bangalore-based social network app wins the prestigious Elevate grant in 2019 in Karnataka.
What is Elevate?
The Elevate 100 Programme, which was launched in August 2017, is a brainchild of the state government, the ELEVATE 100 programme is a combined initiative of the government of Karnataka’s Start-up Cell, the Karnataka Biotechnology and Information Technology Services (KBITS).
Through this programme, selected startups will have access to a grant-in-aid of up to ₹50 lakh. Last year, the grand identified and funded 77 startups.
Startups with an innovative idea, product, or solution, that are registered as an entity in Karnataka, and with at least 50% of their qualified workforce being employed in Karnataka, are eligible to participate.
The event, held at Hotel Lalit Ashok, Bengaluru, concluded on 30 July, by declaring 100 startups as eligible for grants up to Rs 50 lakh.
In the list of 100 winners at Elevate 2019, 76 startups are based out of Bengaluru, and women entrepreneurs lead 29 of them. Sixty startups were from Tier-II cities.
T M Vijay Bhaskar, Chief Secretary, Karnataka called Bengaluru “the startup capital of India.” He also talked about how the startup ecosystem is improving, and how Bengaluru has risen to #18 among the top startups in the world.
Gaurav Gupta, Principal Secretary, KBITS, said that Elevate is a way to find and nurture innovative startups to the next level. They get a chance to connect with mentors from all over the world, be it a part of knowledge sessions with leading experts, and are also given excellent networking opportunities to find investors.
What is IamHere?
Simply speaking, Iamhere is a social networking app. But it’s also much more that just being that.
According to IamHere’s official Facebook page, it is a “hyperlocal social app to discover and connect with hobbyists, professionals, causes, and events in your neighbourhood.”
IamHere connects you to people, places and things you care about: workshops and music concerts, parties and blood donation camps, runners and gym-goers, pet lovers and book lovers, photographers and sports coaches, colleges and companies, designers, advisors, tutors, freelancers. The list goes on and on. You name it, and they have it.
Their motto is to “connect with people #nearyounow.”
Naren Kumar, the founder of IamHere, said about the award, that they are “committed to creating a social impact through technology,” and that the Elevate award takes them closer to realizing their dream of building a “broker-less, borderless neighbourhood marketplace.”
The app recently surpassed 50,000 users on its app as of 2 August 2019, according to its social media page.
Needless to say, India is bucking up to be the next big thing on the face of global entrepreneurship. One can’t help but wonder if the next tech-giant is a work-under-progress in one of the many brilliant Indian minds.
Kudos and cheers to the winners!