K-Tech Innovation Hub Inaugurated at Jalahalli

Three more to come up shortly in Mangaluru, Shivamogga and Mysuru

Bengaluru, 6th August 2018: Shri. K J George, Hon’ble Minister for IT/BT & ST, Large and Medium Scale Industries including Sugar, Government of Karnataka today inaugurated the K-Tech Innovation Hub (K-TIHubs) in Jalahalli. The K-Tech Innovation Hub is a ‘Product Startup Incubator cum Common Instrumentation Facility’ located in an 8,000 sft building. The facility is designed as a shared prototyping facility with co-working, as well as private office spaces and other amenities to catalyse the growth of innovators and technology-based product startups in the region. The Government intends to establish five such K-TIHubs across the state.

Speaking at the inauguration, Shri K J George announced that three more K-TIHubs will be established shortly at Mangaluru, Shivamogga and Mysuru. “The Government has decided to establish these facilities in tier-II cities in order to leverage the existing manufacturing clusters and the local human resource available in the academic and industrial bodies. The intent is to engage with all the key stakeholders in the local ecosystem for the sustainability of these facilities. The five K-TIHubs will encourage innovations, stimulate entrepreneurship, create technology based startups, catalyse success, provide employment and opportunities for re-skilling and fuel economic growth.” he said

The State Government through the Department of IT/BT and S&T has appointed IKP Knowledge Park, a ‘Science Park and Technology Business Incubator’, which has prior experience in establishing and operating Incubation Centres and Common Instrumentation Facilities as Programme Manager. These new Centres will operate in a networked mode and will be linked to IKP’s Hardware Product Incubator, IKP-EDEN in Bangalore.

“We envision Karnataka as the innovation and technology capital of the world. We are keen to create a robust ecosystem where all stakeholders thrive by benefitting from the support provided and mentorship. Disruptive technologies are the new growth curve. With the opportunities that these technologies provide, this innovation centre is strategically poised to achieve its vision of retaining the leadership position as India’s startup capital. The Government is hopeful that the establishment of the 5 K-TIHubs across the state will go a long way in reaching the grand goal of encouraging 6,000 product based startups in the state as envisaged in the Startup Policy 2025” Shri K J George said.

“K-Tech Innovation Hub will give a boost to technology-based and product-oriented startups that require access to R&D and prototyping labs, specialized staff for assistance with design, help in sourcing of raw materials, design for manufacturing and most importantly access to an entrepreneur community of likeminded hardware innovators and MSMEs.” Shri K J George added.

The K-TIHub will work towards transforming the city into a Nextgen Innovation City of the country.