IKP plans to setup 5 startup incubation hubs in Karnataka

Hyderabad-based IKP Knowledge Park is planning to establish five startup incubation hubs in tier-II cities of Karnataka. Already, it has created an incubation facility in Bengaluru with an investment of Rs 8 crore, raised from Karnataka government.

IKP is in the process of raising Rs 31 crore from the state government and other sources to setup these satellite centres over the next six months, IKP chairman and CEO Deepanwita Chattopadhyay told Business Standard.

The premier science park and incubator had so far raised around Rs 108 crore from various investors including Biotechnology Industry Research Assistance Council (BIRAC), Bill and Melinda Gates Foundation,