The Telangana government has announced a new initiative to support startups. Officials said a ₹1000 crore fund will be created to boost innovation across the state. Special Chief Secretary Sanjay Kumar shared details, noting that the fund is expected to be launched in January. The program aims to strengthen Telangana’s startup ecosystem.
Sanjay Kumar highlighted that the fund will specifically focus on startups working in Artificial Intelligence (AI). Additionally, the fund will encourage the growth of innovative solutions and advanced technologies in Hyderabad. Experts believe that this initiative will help the city emerge as a leading hub for AI startups in India.
The government hopes that supporting new ventures will create multiple employment opportunities. Moreover, the fund will assist entrepreneurs in setting up businesses, developing products, and scaling operations. IT specialists noted that these efforts will contribute to economic growth and global competitiveness.
Sanjay Kumar stated that Telangana aims to become a leading global AI hub. Furthermore, he emphasized that the support provided by the government will attract more startups and strengthen Hyderabad’s position as an innovation-driven city. Officials are optimistic about the long-term impact on the technology sector.
