Bengaluru Confirmed as Venue for TiE Global Summit 2024 by IT Minister Kharge

The GDP of Bengaluru is expected to grow by 8.25% by 2035, making it a prime location for global events like the ninth TiE Global Summit (TGS). Karnataka's IT-BT and Rural Development Minister Priyank Kharge highlighted this on Thursday. He stated that Bengaluru remains the heart of India's startup ecosystem.

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Bengaluru's Startup Ecosystem

Kharge emphasised that despite claims of other states catching up, Bengaluru remains unmatched. "We get to read a lot saying that Telangana is overtaking or Andhra Pradesh is overtaking. But they are nowhere close to Bengaluru, and the competition only helps us get better. Also, when it comes to support for events like TGS – which needs access to the government, its policy and its funds – it can be found only in Karnataka," he said at the curtain-raiser event in Bengaluru.

Support for Women-led Startups

Kharge also mentioned Karnataka's initiatives to support startups, particularly those led by women. "These women entrepreneurs will be given a grant of Rs 50 lakh. We have zero stake in their ventures, they do not have to repay; it's a grant. We give them access to capital, we mentor them and ensure that they succeed," he added.

Investment Beyond Bengaluru

Highlighting the state's broader vision, Kharge noted that Karnataka's policies extend beyond Bengaluru. "For instance, we have funded around 983 startups. Out of which 32% are in tier II and tier III cities. Mysuru cluster has 402 startups, Mangaluru cluster 432 startups, Hubli, Dharwad and Belagavi cluster has 463 startups," he said.

VentuRISE Global Startup Challenge

Karnataka’s Minister of Commerce & Industries and Infrastructure M B Patil announced the registration for the second edition of the VentuRISE Global Startup Challenge. This initiative is open to startups worldwide and aims to foster innovation.

Details of TGS 2024

The four-day TGS 2024 will take place from December 9 to December 11 in Bengaluru and on December 12 in Mysuru. Chair of TGS24 and President of TiE Bangalore Madan Padaki shared these details. According to him, the theme this year is 'Putting Entrepreneurship First'.

Global leaders, investors, successful entrepreneurs, and policy experts will share their insights through master classes, investor pitch sessions, mentoring clinics, and networking lounges. Padaki added that this year's summit coincides with TiE Bangalore’s 25th anniversary and will feature initiatives like Futurepreneurs Conclave, TGS100 Awards, TiE Women Global Pitch Competition, Global #SpiritofTiE Awards, and global hackathons.

Support from Various Dignitaries

The summit is supported by the Karnataka Digital Economy Mission (KDEM). Other dignitaries present at the curtain-raiser event included Karnataka State Electronics Development Corporation Limited Chairman Sharath Bachegowda, Secretary of the Department of Electronics, Information Technology, Biotechnology and Science & Technology Ekroop Caur, Commissioner for Industrial Development and Director for Industries and Commerce Gunjan Krishna, Chairman of Karnataka Start-up Vision Group Prashanth Prakash, Chairman of KDEM B V Naidu and TiE Global Chair Amit Gupta.

Registrations for TGS 2024 are now open. Participants can register at https://tgs2024.org/.

Bengaluru continues to attract global attention due to its robust startup ecosystem and supportive government policies. The upcoming TGS 2024 promises to be a significant event for entrepreneurs worldwide.