Andhra Pradesh and PanIIT Launch Rs 500 Cr Deeptech Fund, Target 25 Startups by 2030

Andhra Pradesh CM Chandrababu Naidu announced a Rs 500 Cr deeptech fund with PanIIT at the Vijayawada summit, with the state matching investor contributions and targeting 25 AP startups by 2030. Deeptech founders should evaluate geographic arbitrage—state-backed capital carries policy tailwinds (land, R&D subsidies, infrastructure) but slower exit timelines; structure follow-ons to blend state capital with venture velocity.

Source: YourStory ↗