About the Project
This is a partnership between Govt of Karnataka and LetsVenture to support Startups across the state with a shared commitment to fostering innovation and entrepreneurship.​ LetsVenture will leverage its expertise to provide mentorship, market access, and fundraising support to emerging startups. The program includes organizing quarterly startup events across Karnataka, offering a platform for startups to showcase innovations, gain insights, and connect with potential investors and collaborators.
Key Aspects of Mentoring
Guidance & Advice
Mentors offer practical advice and suggestions based on their own experiences.
Support
Mentors provide emotional support and encouragement, helping mentees overcome challenges.
Skill Development
Mentors assist mentees in developing specific skills needed for their personal or professional growth.
Networking
Mentors introduce mentees to useful contacts and networks that can help them in their careers.
Goal Setting
Mentors help mentees set realistic and achievable goals and develop a plan to reach them.
Feedback
Mentors provide constructive feedback to help mentees improve and learn.
Key Aspects of Customer Connect
Expanding Reach
Gaining access to new markets (both geographically and demographically) allows founders to scale their business and tap into broader opportunities.
Partnerships and Networks
Collaborating with industry players, distributors, or influencers can significantly enhance market reach. These relationships often open doors to otherwise difficult-to-reach customer segments.
Understanding Market Dynamics
Accessing markets means knowing local trends, purchasing power, and customer behaviors, allowing founders to tailor their business strategies accordingly.
Quarterly Startup Events
LetsVenture will work with the State to organize quarterly startup events in different hubs like Bengaluru, Mangalore and Mysore across the state of Karnataka. These events will facilitate networking sessions where startups can connect with potential investors, fostering crucial relationships for future growth and funding opportunities. Moreover, these events will serve as platforms for startups to gain access to valuable resources such as mentorship, industry insights, and support services, empowering them to thrive in the competitive startup landscape.
