Andhra Pradesh, Sidbi to set up 'angel fund' for startups

Andhra Pradesh is launching an angel fund to support deep-tech startups. This initiative, in partnership with Sidbi and through the Ratan Tata Innovation Hub, will provide capital and resources. The fund targets emerging technologies like AI, electronics, and quantum technologies. This move aims to foster innovation and global scaling for startups in key sectors aligned with the state's economic vision.