In order to accelerate the development of artificial intelligence and data science related technologies in the state and across the country, the Karnataka government has announced that it will invest $6.1 Mn or INR 40 Cr for the construction of a state-of-the-art tech hub.

Karnataka Government to invest $6.1 Mn to develop AI and data science tech hub

Dubbed as the Centre of Excellence for Data Science and Artificial Intelligence (CoE-DS&AI), the tech hub will be based on a public-private partnership model. The state government will provide investment support for the initial five years and also offer non-sensitive information for research.

In an official statement issued by the state government, industry body NASSCOM was named as the centre’s programme and implementation partner. The state’s Minister of Information Technology, Biotechnology & Tourism, Priyank Kharge, said, “Karnataka has led the IT revolution in India and has always been at the forefront in areas of science and IT. Our government has played a substantial role in developing a robust startup entrepreneurial ecosystem through its startup policies, startup warehouses executed by NASSCOM and with financial aid wherever required. This Centre of Excellence is the logical next step required to provide the right fillip to areas of data science and artificial intelligence and give a head start to not just the state, but India as a destination to develop global product solutions.”

Kharge further added that the centre will help global companies create approximately 35,000 jobs for data science and AI professionals in India over the next five years.

Notably, the Karnataka government has played a major role in nurturing the startup ecosystem. In 2015, the State Government has launched Karnataka Startup Policy with a vision to support 20,000 tech startups by 2020. Last year, the state government’s launched initiatives to mobilise up to Rs 2,000 crore by 2020 and invest in startups across sectors, from technology to social impact.