PanIIT

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Startups & Venture Capital 04 Oct 2026, 04:44 PM IST

PanIIT, Andhra Pradesh Plan Rs 500 Crore Deeptech Fund to Back 25 Startups by 2030

Andhra Pradesh Chief Minister N. Chandrababu Naidu has told venture capital investors that the state will match private contributions to a new deeptech investment pool, in a bid to accelerate high-value startup formation. The proposed Rs 500 crore fund, being developed with PanIIT, aims to support 25 Andhra Pradesh startups by 2030 and signal the state’s intent to compete for frontier technology capital.

By RDU Global Wire5 min read

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N. Chandrababu Naidu(1)India(1)Andhra Pradesh Government(1)Andhra Pradesh(1)