The Government of Karnataka has signed a Memorandum of Understanding (MoU) with India’s largest fiber-focused wired broadband ISP (Internet Service Provider) - ACT Fibernet (Atria Convergence Technologies Ltd) to provide the startups registered with the startup cell with high-speed broadband connectivity. In a bid to drive growth in the startup ecosystem of the state, this agreement aims to provide a broadband network to government incubation center and GIGA speed (1000 Mbps) connections at a discounted rate of 60 % to all the startups enlisted under its cell.
From being the first state to launch a startup cell - Startup Karnataka, the state government has dedicatedly undertaken initiatives to promote entrepreneurship in the region. Keen to explore capabilities across the industry, K. J. George, Hon’ble Minister for IT and BT, Science and Technology, Govt. of Karnataka, on the partnership said
Bengaluru is the startup capital of India, and we have been strongly nurturing the startup ecosystem with policies and initiatives to help entrepreneurs and established industries flourish. I am extremely pleased that ACT Fibernet has come forward to extend their support and connect our startups with high-speed broadband connectivity. This move will certainly help us build a more conducive environment for our startups to grow.
Echoing similar sentiment, Gaurav Gupta, Principal Secretary, IT, BT and S&T, Govt. of Karnataka, said in a statement,
When we speak about startups, Bengaluru holds the top position in the country, and to retain this momentum we make continuous effort to introduce policies and programs suiting their requirements. Our partnership with ACT Fibernet is yet another step to empower the startups and help them grow in our state.
Speaking on the potential of the startup ecosystem of the state and backing government-led initiatives, Mr. Bala Malladi, CEO, ACT Fibernet Ltd said,
As a Bengaluru based company it is a moment of pride for us to collaborate with the Government of Karnataka. This is a one of a kind opportunity and we will work in conjunction with the government towards building and strengthening the start-up ecosystem in the city. It is our commitment to provide the best internet services to the startups and incubators and help them stay connected seamlessly.
ACT Fibernet penetrated the Warangal market earlier this month marking its expansion across 15 cities in the country.
Having deployed the broadband network in nearly 300 schools of Chennai and Coimbatore in association with the Government of Tamil Nadu earlier this month, the leading service provider now aims to extend its connectivity by financing over Rs. 3 crores. The initiative has been undertaken for thousands of students deprived of the internet to seek knowledge that goes beyond the textbook.