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Andhra Pradesh Innovation & Start-up Policy 2014-2020

The Vision envisaged for the new Innovation &Start-up Policy:

“To create a world class ‘technology start-up ecosystem’ by fostering ‘entrepreneurship and a culture of innovation’ which contributes to increased knowledge, wealth and employment in our society.”

The targets laid out for the Andhra Pradesh through this Policy by June 30 2019 are:

• 100 Incubators / Accelerators to be established.

• 5,000 Companies & Start Ups to be incubated

• 1 million sq ft of Incubation Space to be developed

• Venture Capital of Rs 1000 Cr to be mobilized for Innovation

• Foster Innovation Culture • Create at least one home grown billion dollar technology start-up.

The Policy would have following Niche Themes as focus in the initial period:

• Internet of Things (IoT)

• ‘IT for X’ in the areas of Pharma, oil & gas, urban management.

• Social Media, Mobility, Analytics and Cloud Computing (SMAC)

• Fables Semiconductors

• Animation & Gaming • Entertainment

• Visual Effects • Health and Fitness • Automotive.

A customized index would be created to track the quality of innovation ecosystem over time in the State by benchmarking to the National and International levels.

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