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Karnataka Innovation Authority to empower start-ups

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Bengaluru, Nov 29 (IANS) Karnataka will soon set up an innovation authority to empower start-ups for the ease of doing business, said Chief Minister H.D. Kumaraswamy on Thursday.

“The Karnataka Innovation Authority (KIA) will be set up through a law with powers to overcome legal hurdles the start-ups face in innovating technologies and ideas,” Kumaraswamy said, inaugurating the 21st edition of the Bengaluru Tech Summit 2018 in the state capital.

The innivation authority will be headed by the Chief Minister.

“We are also setting up a legal framework to protect Intellectual Property (IP). A blockchain-based IP registry will be formed to protect smart ideas for commercialising them,” said Kumaraswamy.

Asserting that the JD-S-Congress coalition government was backing the IT industry to ensure its innovation thrives in the southern state, retaining its leadership in the transformation of the country through digitization.

“The state government is also granting seed capital up to Rs 50 lakh to each start-up with innovative ideas to provide socio-economic solutions to the people, facing several challenges,” the chief minister told the gathering of industry leaders, executives, geeks, officials and entrepreneurs.

Kumaraswamy, who also holds the finance portfolio, provided Rs 16 crore in the state budget for the fiscal 2018-19 after coming to power in May.

The state government has also set up the Accelerated Assisted Elevate for the starts-ups in backward areas, including the Hyderabad-Karnataka region in the state’s northern parts, about 500km from Bengaluru.

About 10 start-ups from the old region were selected for funding them this year.

“As innovation and entrepreneurship will be the driving forces, we have set up 58 K-Tech Innovation Centres across the state to encourage and nurture innovations in the farm sector,” said Kumaraswamy.

Technology sharing and promoting joint research projects are key strategies being adopted to engage with the leading innovation ecosystems.

“We have set up a framework for innovation engagements with global leaders to ensure a strategic approach to developing and leveraging our international partnerships,a added Kumaraswamy.

As designing will be the engine of growth, a Centre of Excellence for designing technology products will be set up in Bengaluru.

The state government is also forming global innovation alliances with countries developing the eco-system for innovation and entrepreneurship.

Bengaluru is ranked 20th among the world’s innovation cities.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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