The Andhra Pradesh government is laying emphasis on promoting emerging technologies and stimulating innovation to build up the right ecosystem for young entrepreneurs, especially for setting up start-ups, according to AP Innovation Society CEO Winny Patro.

He said here that “earnest efforts are being made to draw not only young entrepreneurs from the State and the country, but even from abroad, to launch operations here, Amaravati, Tirupati, Anantapur and other places.”

He said hackathons were being held regularly and the State gGovernment had tied up with agencies in Hong Kong and Israel to enable youngsters to pitch their innovative ideas and come forward to start their ventures with solutions to problems faced by the people and various corporates.

He said that in the Slush-2018, a prestigious start-up event being organised in Helsinki (Finland) on December 4 and 5, out of 30 start-ups 10 based in AP had been selected for participation by the Department of Industrial Policy and Promotion.

Patra said the State government was encouraging out-of-the-box ideas from youngsters to convert them later into commercial ventures. “We are adopting various strategies to strengthen the start-up ecosystem by providing a network of venture capital funding firms, mentorship, incubation and acceleration. Selected global companies in various hackathons are also asked to start their operations in the State after offering them several incentives,” he added.

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