Karnataka Information Technology Venture Capital Fund
Keeping in mind the pre-eminent position of the State in the IT sector, a venture capital fund viz., KITVEN fund specific to information technology industries was conceived and jointly implemented by KSIIDC, Karnataka State Financial Corporation (KSFC) and Small Industries Development Bank of India (SIDBI). KITVEN Fund is a Rs. 15 crores, 10 year close-ended venture capital fund with the primary objective of providing long-term funds to new and unlisted companies in the start-up stages. It also caters to the growth and expansion of established companies.