Bengaluru, December 16, 2023: In a resounding affirmation of its status as India’s AI and innovation hub, Bengaluru has emerged as the undisputed leader in the country’s burgeoning startup unicorn ecosystem. At the Global AI Conclave held here on Saturday, Priyank Kharge, Minister of IT, BT,government of Karnataka emphasized on emerging role of Bangluru city in the countries startup landscape.
He said,of the $384 billion total valuation of Indian startup unicorns, a whopping $186 billion comes from Bengaluru alone. This translates to a remarkable 48%share, solidifying the city’s dominance in the Indian startup landscape.
There are no doubts Bangalore can be the AI capital,” said Kharge, further emphasizing the city’s transformative role in the indias AI revolution. “We have matured from being a call center of the world to leading R&D centre to now being the most disruptive city in terms of innovation.” This evolution is evident in the sheer number of unicorns birthed in Bengaluru’s fertile ground, boasting a staggering 44 unicorns – a testament to the city’s vibrant entrepreneurial spirit and conducive environment for disruptive ideas to flourish.
This dominance extends beyond mere numbers. Bengaluru is at the forefront of AI application across diverse sectors, from healthcare and education to finance and manufacturing. The city’s AI startups are not only disrupting traditional industries but also creating entirely new ones, driven by the power of data, algorithms, and machine learning.
The Global AI Conclave served as a platform to celebrate Bengaluru’s achievements while also looking ahead to the future. With its unwavering focus on innovation and its commitment to harnessing the power of AI, Bengaluru is poised to not only maintain its lead in India’s startup space but also become a global AI powerhouse, attracting talent and investment from global players in the field.
As Kharge aptly stated, “Bengaluru is the AI capital of India, and it is on its way to becoming the AI capital of the world.” With its unwavering focus and a constant spirit of disruption, Bengaluru’s journey is far from over. The future of Indian innovation is bright, and it is being shaped in the heart of Bengaluru.