Karnataka Innovation and Technology Venture Fund -5 (KITVEN Fund-5) is a SEBI registered Category 1, Alternative Investment Fund (AIF) – Venture Capital Fund having target corpus of Rs.100 crore. The Fund proposes to undertake investments in startup / SME companies catering to Artificial Intelligence, Machine Learning, MedTech, Electric Vehicles and such other Disruptive Technologies in the State of Karnataka. The Fund received commitment from Government institutions.

Currently the Fund undertakes investment in the range of Rs. 2 - 3 crore per company during the initial stage which can be enhanced at a later stage / follow-on investment.

The investment in companies will be in the nature of equity and equity related instruments like preference capital, debentures OR combination of any of the above instruments adhering to the guidelines issued by the Securities & Exchange Board of India (SEBI) from time-to-time. Substantial portion of the funds would be enmarked for startups from tier-2/ 3 cites and women entrepreneurs. Startups having Certificate of Recognition issued by DPIIT, Govt. of India will only be considered. The typical investment horizon would be 3-5 years although lower periods would also be considered.

Applications for Venture Capital assistance are invited from companies in the field of AVGC, AI, ML, Medtech, EV and such other Disruptive Technologies Venture Capital Fund