Andhra Pradesh announces PanIIT deeptech fund plans

Andhra Pradesh chief minister Chandrababu Naidu outlined a Rs 500 crore PanIIT Amaravati Deep Tech Venture Fund and an IIT Research Park, India Today reports. The plans sit within his proposed Quantum Valley and broader startup collaboration with IIT alumni. The article describes announced initiatives, not proof that the full fund has been raised or deployed.

DTT summary based on India Today's report. The full article is on the publisher's site.