KSIIDC has also sucessfully helped in developing Indian Institute of Information Technology - Bangalore (IIT-b). The institute, equipped with the state-of-the-art facilities, offers post graduate programmers in IT and has emerged as a centre of excellence in IT education.

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.

The fund is managed by Karnataka Asset Management Company Private Limited, a company promoted by KSIIDC and KSFC.

KSIIDC has been actively involved in the administration of Food Karnataka Limited (FKL), a Special Purpose Vehicle (SPV) of the State Government for the promotion of comprehensive and integrated Agro Food Technology Parks. FKL helps by creating common facilities to attract investments for establishing agro food processing industries within the State. The Food Parks are being set up in four locations Malur, Hiriyur, Bagalkot and Jewargi.