Question

Which of the following statement/statements is/are correct?

A. The Government of Karnataka has recently launched 'VentuRISE - Global Startup Challenge 2024' to recognize, reward, and support growth-stage startups.
B. The challenge will focus on Electronics System Design and Manufacturing only.
C. The winners will share a prize pool of $300,000 and receive mentorship from industry leaders.
D. It is started by the Department of Electronics, Information Technology, and Biotechnology.

Options:
(1) A and C only
(2) C and D only
(3) All the statements are correct
(4) All the statements are wrong

Answer 1

Correct Answer: (1) A and C only

Explanation:

• Statement A: Correct. The Karnataka Government has launched 'VentuRISE - Global Startup Challenge 2024' to support growth-stage startups by recognizing and rewarding their efforts.

• Statement B: Incorrect. The challenge is not limited to Electronics System Design and Manufacturing; it includes various other sectors to promote diverse innovation.

• Statement C: Correct. The winners will share a prize pool of $300,000 and receive mentorship from industry leaders as part of the initiative.

• Statement D: Incorrect. While the initiative is supported by the Karnataka Government, it is not exclusively started by the Department of Electronics, Information Technology, and Biotechnology. It involves multiple stakeholders, including partnerships with industry leaders.

Thus, statements A and C are correct, making (1) A and C only the correct option.

For more information, you can refer to the official Startup Karnataka website.