Andhra Pradesh found a new ray of hope through Startup opportunities to encourage young and passionate entrepreneurs of the State. In this Industry 4.0 era, where the world awaits to embrace the emerging technologies such as AI, IoT, and Machine Learning, AP is leading by encouraging and connecting entrepreneurs and investors on the same platform.
Skyrocket your Startup Plans in Andhra Pradesh
The State’s schemes and policies added with the GoI’s startup India initiative have created encouragement among entrepreneurs and investors alike. From just 35 it has now grown to 300 startup companies being mentored and funded by various enabling centers for success.
After the launch of the startup policy in 2014, various initiatives have been undertaken by the Government of Andhra Pradesh. The vision was to create a world-class ‘Technology Startup Ecosystem’ by giving significance to entrepreneurship and innovation which leads to increase in employment, experience, and wealth in the state.
In 2018, Andhra Pradesh was acknowledged as a ‘Leader’ in the state Startup Rankings among other states conducted by the Department of Industrial Policy and Promotion, Government of India. Today, the startup ecosystem of the state is rapidly progressing creating a robust network among Investors and Startup Entrepreneurs.
Reasons to acclaim Andhra Pradesh as a leading State in India.
- Andhra Pradesh is popularly known as the ‘Rice Bowl of India’ on account of its highest production of rice in the country. Hence, it is observed as the major crop and staple food of the State.
- The State is also the largest producer of eggs. Therefore, it is titled as the ‘Egg bowl of Asia’.
- The State has rich culture and heritage reflected in Kuchipudi cultural dance, agricultural handicrafts, Banaganapalle Mangoes, food, textiles, and more.
- Telugu being the official language of the State is the 11th most spoken language in the World.
Boosting Factors of AP for Startup establishment
- Eco-Friendly projects such as PHES and irrigation related are economical here. Important rivers of India flowing through the State provide irrigation facilities enabling the agricultural sector.
- It’s an advantage of Power surplus due to an abundance of solar power where excess power is channeled to other states.
- Aspiring Women entrepreneurs have a golden opportunity to establish their ideas due to schemes such as SheAtWork, WITH, ALEAP and others.
- Visakhapatnam is the hub of the state with many hidden opportunities for business growth in sectors such as IT/ITes, Fintech, etc.
- The industrial sector contributes massively to the State’s economy which is another motivating factor for newer companies and with modern infrastructure providing better transport and connectivity.
- The Agri based and Mining startups have a huge scope which can contribute to the State’s Economy.
- The Research and Science field also plays a vital role and offers great scope for Researchers to explore.
- The Digital Startups have opportunities for growth as the State Government is digitizing its entire operations.
- The State has India’s primary orbital launch site where Space Tech can grow exponentially.
Conclusion
Amidst several notable startup investors in India, HA stands out in delivering extraordinary support to ambitious and innovative entrepreneurs. In collaboration with wealthy investors, startups can be ensured of funding support at every stage as well as guidance for valued business needs.
Through constant enabling some of the startups that benefitted are Dialogue in the Dark, Health Sutra, ZineOne, MylabYogi, Gibss, edutor, Chai Kings, Identis, Niki, Signalx, Twigly, and others.
Therefore, get going to explore the unlimited possibilities for startup investment in Andhra Pradesh. The technology, industrial and agriculture sectors in AP are diverse and offer plenty of opportunities for young entrepreneurs and investors. The Government here is highly supportive towards the youth with innovative ideas that contribute to economic growth. The Constant Hunt for potential Startups has begun for Investors. Why not step up in startup investment in a Historical State like Andhra Pradesh?
Andhra Pradesh is now awaiting to embrace investors and budding startup ideas alike. For any queries, please email at info@hyderabadangels.in and trust our approach.
