Karnataka Chief Minister Siddaramaiah unveiled an ambitious initiative to spur innovation and entrepreneurship beyond Bengaluru. The ‘Local Economy Accelerator Programme (LEAP)’ is set to launch this year with a substantial Rs 1,000 crore grant, targeting the development of startup ecosystems in cities like Mysuru, Mangaluru, Hubballi-Dharwad, and Kalaburagi. The initiative aims to create 5 lakh employment opportunities throughout the state. A lifecycle approach will be employed to establish incubators, accelerators, centers of excellence, and Global Technology Centres.
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