Andhra Pradesh and SIDBI Deep-Tech Startup Angel Fund
Why in the news
Andhra Pradesh joined hands with SIDBI to create a dedicated angel fund that nurtures deep-tech startups in the state.
Key facts
- Partners: Government of Andhra Pradesh and SIDBI (Small Industries Development Bank of India).
- Vehicle: an angel fund for deep-tech startups.
- Platform: the Ratan Tata Innovation Hub.
Focus sectors
| Sector |
|---|
| Artificial Intelligence (AI) |
| Semiconductors |
| Quantum technologies |
| Advanced manufacturing |
| Clean energy |
Significance
- Provides seed funding to early ventures.
- Adds ecosystem support and routes to global scaling.
Exam angle
- Partner institution: SIDBI.
- Platform name: Ratan Tata Innovation Hub.
- Related terms: angel fund, deep-tech, seed funding.