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Andhra Govt Inks Deal To Boost Startup Ecosystem

  • Andhra government signs MoU with Cyient Foundation and AICTE to boost startup ecosystem.
  • Cyient and AICTE to launch a pilot programme to transform higher education institutes into innovation hubs.
  • Initiative includes iCARE, iCAFE, and IPR-TT cells across institutions, supported by Cyient's CSR grant.
  • Efforts aim to nurture entrepreneurial mindsets, encourage IP creation, and promote collaboration between academia and industry.
  • Andhra Pradesh partners with NVIDIA to establish AI university and train over 10,000 students in technology.
  • State active in promoting itself as a leading startup hub with initiatives like AP Innovation & Startup Policy (4.0) 2024 -2029.
  • Plans to create 20,000 new startups, foster 10 unicorns, and 20 soonicorns under the policy.
  • Announcement of 'Telugu Angels' angel fund to empower Telugu entrepreneurs globally.
  • Partnerships with Google and Microsoft for AI adoption and training in the state.
  • Indichip Semiconductors signs MoU with Andhra government to build a semiconductor facility with INR 14,000 Cr investment.

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