Winner of Elevate 100 – Most innovative company from Karnataka
Every leader sought to make his country self-dependent and self-sufficient. The leaders of new age India has also roll out plans to make India a manufacturing hub. From the promotion of entrepreneurs and startups to rolling out schemes to nurture skills of Indian youth via Pradhan Mantri Kaushal Vikas Yojana, Government of India is hell bent on making the country worlds best country for ease of doing business. To make their objectives come alive, the government of India under the leadership of Prime Minister Narendra Modi has launched programme namely, “Make in India” and “Startup India”. These are flagship programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country. In addition, these schemes are like passage to encourage individuals/ startups from all background irrespective of cast, religion and gender to contribute to Indian economy via their own original inputs and boost entrepreneurship for job creation.
Based on these background, the Department of Information Technology and Biotechnology, Government of Karnataka has also taken up initiative called as “ELEVATE 100” to provide platform for entrepreneurs and startups. Elevate 100 is also referred to as India’s first comprehensive entrepreneurship platform. As per the website, the top 100 technology-based startups chosen through a rigorous hunt across Karnataka State would tap into a whopping sum of Rs.400 Cr of Government funds which is one of the largest pool of funds ever offered by any State Government to Startups. Started in 2017, the Government of Karnataka, received 1700 applications for the call on its first ELEVATE 100 and startups from various sectors which includes ESD, Life Sciences, BioTech, Agri Tech, AVGC, Clean Tech, and IT/ITES. Women Entrepreneurs, and Rural were selected for the first ELEVATE 100 programme.
Under the aegis of IT/ITES, ParkingRhino online services Pvt.Ltd also is one of the ELEVATE 100 winners and received Government funding. With increasing modes transportation in terms of cars, bikes, auto, Bangalore is laced up with parking woes. People often find it difficult to park their vehicles in desired location and sometimes in order to find the best parking space a lot of time is consumed. Parking Rhino, with its app-based service finds the best place for parking spot. Additionally, the app also provides real time monitoring of the parking spot and sharing the details with the customers and vision computing related to the availability of parking slots in open spaces.