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2014-07-22

Telangana, AP luring start-ups for sustainable growth

Telangana government has already announced its plans of setting up the largest incubator in the country in Hyderabad in collaboration with premier educational institutions like IIIT and ISB.

While the Telangana government has already announced its plans of setting up the largest incubator in the country in Hyderabad in collaboration with premier educational institutions like IIIT and ISB, there are murmurs that Andhra Pradesh too will get a start-up village. The government is also believed to be planning an Incubation Centre for Entrepreneurs in the state.

 

"We are actively working with the government to build an apt ecosystem for start-ups as they are very gung ho about the sector. The main advantage of Hyderabad is that it has good infrastructure and established incubators in BITS, IIIT and IIT-H among others," said Murali Bukkapatnam, President, The Indus Entrepreneurs (TiE) Hyderabad.

 

Telangana’s IT Minister KT Rama Rao has proclaimed that the vision of his government is to make Hyderabad the most preferred start-up destination in India by 2020. Apart from setting up an incubator, initiatives to encourage new technologies in energy are being planned at Osmania University as well.

 

Listing out the key elements for building a start-up ecosystem, Ventureast Tenet Fund, Managing Partner, Sateesh Andra said, "One of the main advantages of AP is that the 'entrepreneurial energy' is high in the state."

 

On the other hand, J Satyanarayana, advisor to AP government for e-Governance, electronics and IT, pointed out that the government is mulling launching a policy for 'innovation' that will spell out incentives for start-ups in areas of infra and training human resources among others.

 

According to experts, while Hyderabad may have high number of IT start-ups, AP can look at encouraging non-IT start-ups in diverse sectors such as healthcare, food processing and education among others.

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