Karnataka bags lion’s share of electronics startup fund; 90 of 128 firms based in state NEW DELHI: Karnataka has emerged as the biggest beneficiary of the Centre’s Electronics Development Fund (EDF), accounting for 90 of the 128 companies backed under the scheme and nearly two-thirds of the total investment made by its associated venture funds.The eight “daughter funds” supported by EDF invested Rs 1,335.77 crore in 128 startups and companies as of June 30, the electronics and information technology ministry told Lok Sabha on Wednesday. Of these, 77 firms were working in electronics system design and manufacturing and 51 in information technology.Bengaluru alone accounted for 89 companies — 56 in electronics manufacturing and 33 in IT — while one company was based in Belagavi. Together, Karnataka-based firms received Rs 854.54 crore, or about 64% of the total investment.Telangana was a distant second, with seven Hyderabad-based companies receiving Rs 129.97 crore. Eight companies in Mumbai and Pune received Rs 142.48 crore, while six Delhi firms were allotted Rs 99.2 crore. Five Chennai companies received Rs 62.24 crore.The remaining investments went to companies in Haryana, Kerala, Rajasthan, Uttar Pradesh and West Bengal. No company from Dadra and Nagar Haveli and Daman and Diu figured among the beneficiaries, according to the state-wise data submitted in Parliament.EDF was established as a “fund of funds”, with the government investing Rs 257.77 crore in eight professionally managed, Sebi-registered venture funds. These funds subsequently deployed more than five times that amount in technology companies. The supported firms have collectively raised around Rs 22,553.82 crore and created or acquired 373 intellectual-property assets, the ministry said.Companies were selected on the basis of their innovation potential, indigenous technology development, capacity to create intellectual property, the technical strength of their founding teams and the commercial scalability of their business models.Canbank Venture Capital Fund Ltd manages EDF, while the electronics ministry is its anchor investor. The fund completed its investment phase in February 2024 and is now in the divestment phase. Its daughter funds continue to monitor the operational performance, market growth and technological progress of the companies they backed.Get the latest India News and Live updates. Download the TOI app.About the AuthorManash Pratim GohainManash Pratim Gohain is a seasoned journalist with over two decades at The Times of India, where he has built a rich body of work spanning education policy, politics, and governance. Renowned for his incisive coverage of the National Education Policy (NEP) 2020, accreditation reforms, and skilling initiatives, he has also reported on student politics, urban policy, and social movements. His political reportage—both reflective and news-driven—adds depth to his writing, bridging policy with public impact. Through his 2,500 articles and related outlets, he has emerged as a trusted voice in national discourse, particularly in linking education reform to broader societal change.Read MoreEnd of ArticleFollow Us On Social MediaVideosPoJK Burns Amid Violence And Protests: Why The World’s Silence And The Crisis Matter To IndiaFirst Direct Freight Train to Nepal! How One Railway Journey Could Transform India-Nepal TradeDelhi Police Denies ‘Mystery Truck’ Conspiracy Linked To Chalo Sansad ProtestTwo Army Personnel Injured In Suspected Landmine Explosion Near LoC In Uri’Most Filthy Type Of Man’: Rahul, Priyanka Gandhi Attack Pralhad Joshi; Massive Ruckus In ParlWhy Delhi-NCR Flooded Again As Four Weather Systems Combined With Years Of Planning Failures’Students Want Justice, Not Charity’: Priyanka Gandhi’s Explosive Speech On Paper Leaks Rocks LSMizoram Minister Opens Up On Drug Menace, Myanmar Border, Disaster Readiness & Ties With Centre”You Removed One Pradhan To Save The PM”: Paper Leak Bill Triggers Massive Showdown In ParliamentPolice Diary Reportedly Reveals RAF Fired Anti-Riot Guns During Jantar Mantar Protest | Watch123PhotostoriesFrom alleging ex-wife Shweta Tiwari’s affair with her Kasautii co-star Cezanne Khan to claiming he Wasn’t allowed to meet their daughter; Raja Chaudhary makes serious allegationsPaid menstrual leave to unlimited paid time off: 6 things a female CEO does that men may not imagine!Hollywood celebs who spoke about their ADHD, dyslexia and other mental health issues5 lessons from 80-year-old Canadian fitness influencer, Joan MacDonald, that can get you moving5 Plants you think are attractive, but are actually invasive in natureWhy do Bengali women traditionally tie a key to their saree pallu? The fascinating story behind this ritualHansika Motwani’s ultra-luxurious Mumbai home: Glam dressing room, grand living area and more”Your child is always watching you”: 7 everyday parenting habits that unknowingly shape every Indian child’s futureWant more blooms? Prune these 5 garden plants in AugustWhy Indians have added ghee to hot rice for generations, according to science123Hot PicksMCC new rulesJalen HurtsDelhi Lakshmi YojanaTN CM Vijay’s new officeRussian sanctions billCWG 2026 GamesSmartphone exportsTN supplementary resultsNew anti-paper leak billTop TrendingKangana RanautJantar Mantar ProtestKarnataka SuicideBJP MLA Yashpal Suvarna ArrestGurgaon Road RageAbhijeet Dipke Marriage ProposalsUGC PG ProgrammeWeather TomorrowPalani Mutt Temple Land CaseStock Market Up

Karnataka bags lion’s share of electronics startup fund; 90 of 128 firms based in state NEW DELHI: Karnataka has emerged as the biggest beneficiary of the Centre’s Electronics Development Fund (EDF), accounting for 90 of the 128 companies backed under the scheme and nearly two-thirds of the total investment made by its associated venture funds.The eight “daughter funds” supported by EDF invested Rs 1,335.77 crore in 128 startups and companies as of June 30, the electronics and information technology ministry told Lok Sabha on Wednesday. Of these, 77 firms were working in electronics system design and manufacturing and 51 in information technology.Bengaluru alone accounted for 89 companies — 56 in electronics manufacturing and 33 in IT — while one company was based in Belagavi. Together, Karnataka-based firms received Rs 854.54 crore, or about 64% of the total investment.Telangana was a distant second, with seven Hyderabad-based companies receiving Rs 129.97 crore. Eight companies in Mumbai and Pune received Rs 142.48 crore, while six Delhi firms were allotted Rs 99.2 crore. Five Chennai companies received Rs 62.24 crore.The remaining investments went to companies in Haryana, Kerala, Rajasthan, Uttar Pradesh and West Bengal. No company from Dadra and Nagar Haveli and Daman and Diu figured among the beneficiaries, according to the state-wise data submitted in Parliament.EDF was established as a “fund of funds”, with the government investing Rs 257.77 crore in eight professionally managed, Sebi-registered venture funds. These funds subsequently deployed more than five times that amount in technology companies. The supported firms have collectively raised around Rs 22,553.82 crore and created or acquired 373 intellectual-property assets, the ministry said.Companies were selected on the basis of their innovation potential, indigenous technology development, capacity to create intellectual property, the technical strength of their founding teams and the commercial scalability of their business models.Canbank Venture Capital Fund Ltd manages EDF, while the electronics ministry is its anchor investor. The fund completed its investment phase in February 2024 and is now in the divestment phase. Its daughter funds continue to monitor the operational performance, market growth and technological progress of the companies they backed.Get the latest India News and Live updates. Download the TOI app.About the AuthorManash Pratim GohainManash Pratim Gohain is a seasoned journalist with over two decades at The Times of India, where he has built a rich body of work spanning education policy, politics, and governance. Renowned for his incisive coverage of the National Education Policy (NEP) 2020, accreditation reforms, and skilling initiatives, he has also reported on student politics, urban policy, and social movements. His political reportage—both reflective and news-driven—adds depth to his writing, bridging policy with public impact. Through his 2,500 articles and related outlets, he has emerged as a trusted voice in national discourse, particularly in linking education reform to broader societal change.Read MoreEnd of ArticleFollow Us On Social MediaVideosPoJK Burns Amid Violence And Protests: Why The World’s Silence And The Crisis Matter To IndiaFirst Direct Freight Train to Nepal! How One Railway Journey Could Transform India-Nepal TradeDelhi Police Denies ‘Mystery Truck’ Conspiracy Linked To Chalo Sansad ProtestTwo Army Personnel Injured In Suspected Landmine Explosion Near LoC In Uri’Most Filthy Type Of Man’: Rahul, Priyanka Gandhi Attack Pralhad Joshi; Massive Ruckus In ParlWhy Delhi-NCR Flooded Again As Four Weather Systems Combined With Years Of Planning Failures’Students Want Justice, Not Charity’: Priyanka Gandhi’s Explosive Speech On Paper Leaks Rocks LSMizoram Minister Opens Up On Drug Menace, Myanmar Border, Disaster Readiness & Ties With Centre”You Removed One Pradhan To Save The PM”: Paper Leak Bill Triggers Massive Showdown In ParliamentPolice Diary Reportedly Reveals RAF Fired Anti-Riot Guns During Jantar Mantar Protest | Watch123PhotostoriesFrom alleging ex-wife Shweta Tiwari’s affair with her Kasautii co-star Cezanne Khan to claiming he Wasn’t allowed to meet their daughter; Raja Chaudhary makes serious allegationsPaid menstrual leave to unlimited paid time off: 6 things a female CEO does that men may not imagine!Hollywood celebs who spoke about their ADHD, dyslexia and other mental health issues5 lessons from 80-year-old Canadian fitness influencer, Joan MacDonald, that can get you moving5 Plants you think are attractive, but are actually invasive in natureWhy do Bengali women traditionally tie a key to their saree pallu? The fascinating story behind this ritualHansika Motwani’s ultra-luxurious Mumbai home: Glam dressing room, grand living area and more”Your child is always watching you”: 7 everyday parenting habits that unknowingly shape every Indian child’s futureWant more blooms? Prune these 5 garden plants in AugustWhy Indians have added ghee to hot rice for generations, according to science123Hot PicksMCC new rulesJalen HurtsDelhi Lakshmi YojanaTN CM Vijay’s new officeRussian sanctions billCWG 2026 GamesSmartphone exportsTN supplementary resultsNew anti-paper leak billTop TrendingKangana RanautJantar Mantar ProtestKarnataka SuicideBJP MLA Yashpal Suvarna ArrestGurgaon Road RageAbhijeet Dipke Marriage ProposalsUGC PG ProgrammeWeather TomorrowPalani Mutt Temple Land CaseStock Market Up


Karnataka bags lion’s share of electronics startup fund; 90 of 128 firms based in state
Karnataka bags lion’s share of electronics startup fund; 90 of 128 firms based in state

NEW DELHI: Karnataka has emerged as the biggest beneficiary of the Centre’s Electronics Development Fund (EDF), accounting for 90 of the 128 companies backed under the scheme and nearly two-thirds of the total investment made by its associated venture funds.The eight “daughter funds” supported by EDF invested Rs 1,335.77 crore in 128 startups and companies as of June 30, the electronics and information technology ministry told Lok Sabha on Wednesday. Of these, 77 firms were working in electronics system design and manufacturing and 51 in information technology.Bengaluru alone accounted for 89 companies — 56 in electronics manufacturing and 33 in IT — while one company was based in Belagavi. Together, Karnataka-based firms received Rs 854.54 crore, or about 64% of the total investment.Telangana was a distant second, with seven Hyderabad-based companies receiving Rs 129.97 crore. Eight companies in Mumbai and Pune received Rs 142.48 crore, while six Delhi firms were allotted Rs 99.2 crore. Five Chennai companies received Rs 62.24 crore.The remaining investments went to companies in Haryana, Kerala, Rajasthan, Uttar Pradesh and West Bengal. No company from Dadra and Nagar Haveli and Daman and Diu figured among the beneficiaries, according to the state-wise data submitted in Parliament.EDF was established as a “fund of funds”, with the government investing Rs 257.77 crore in eight professionally managed, Sebi-registered venture funds. These funds subsequently deployed more than five times that amount in technology companies. The supported firms have collectively raised around Rs 22,553.82 crore and created or acquired 373 intellectual-property assets, the ministry said.Companies were selected on the basis of their innovation potential, indigenous technology development, capacity to create intellectual property, the technical strength of their founding teams and the commercial scalability of their business models.Canbank Venture Capital Fund Ltd manages EDF, while the electronics ministry is its anchor investor. The fund completed its investment phase in February 2024 and is now in the divestment phase. Its daughter funds continue to monitor the operational performance, market growth and technological progress of the companies they backed.



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