Staff Reporter

Elitecore Technologies, a provider of Telecom Software (OSS/BSS) solutions recently announced 10 successful wins for WiMAX 16e & 16d in SEA, APAC & Eastern European regions. The company has experience in serving Tier1-Tier 3 service providers in deployment of the WiMAX 16e &16d CSN platform.

Question: Briefly, please describe the kind of product and services your company supplies

Question: Karnataka is known as a knowledge hub of Asia. What policies has the government of Karnataka taken to become this hub?

Answer: Yes, nowadays Karnataka is a knowledge hub. Our government is a stable government. In the IT sector, it is still the Silicon Valley of India. Everybody knows that the IT sector is in Bangalore. But in the 80s, when the place was just set up, we had Karnataka State Finance Corporation. It was a state funded finance company which gave loans to Infosys as one of the ways to promote industry in the 80s. It gave loans to IT companies and subsidies to manufacturing companies.

Also, we set up the first software technology park in the 1990s with the help of the government of Singapore. The software technology sector of India was established to promote connectivity to the IT industries. We set up and established it in Bangalore first. Karnataka also has a history of education in the private sector. The first college was set up in the 1950s.

To effectively promote the culture of innovation and creativity, it is very important that all segments of society play their role in supporting activities geared towards the creation of a knowledge-based economy. Angel investors are a very vital building block to support the establishment of innovative startups. Angel investors provide capital for a business at an early stage when traditional financial institutions are hesitant to support them due to high risk.