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Naidu Launches Rs 500-Crore PanIIT Amaravati Venture Fund

By Drooid · Oct 4, 2026, 4:27 PM UTC · How we work

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Story summary

Chief Minister N. Chandrababu Naidu announced a Rs 500-crore PanIIT Amaravati Tech Venture Fund.
He said PanIIT will set up a World Council in the greenfield capital Amaravati.
Naidu pledged to match venture-capital funding for startups bringing capital and mentors to Andhra Pradesh.
He announced five Q-Shiva quantum computers and a Shrusti processor to be produced in Amaravati.
The first quantum computer will become operational in Amaravati on February 3, 2027.

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Story summary

Chief Minister N. Chandrababu Naidu announced a Rs 500-crore PanIIT Amaravati Tech Venture Fund.
He said PanIIT will set up a World Council in the greenfield capital Amaravati.
Naidu pledged to match venture-capital funding for startups bringing capital and mentors to Andhra Pradesh.
He announced five Q-Shiva quantum computers and a Shrusti processor to be produced in Amaravati.
The first quantum computer will become operational in Amaravati on February 3, 2027.