The state government on Sunday announced a grant of Rs 2.5 crore for Intellectual Properties (IP) in the animation sector. Such IPs will position ourselves as creators of worldclass content and not just services industry . Idea2PoC is part of India's first multi-sector startup policy of Karnataka. The policy aims to nurture tech-startups and productbased firms with the support of in dustry and investors. The policy aims to take care of early stage funding to boost scaling up of concepts and ideas to help in validating proof of concept.

Source: Economic Times May 15, 2017 09:00 UTC