Telangana AI Mission selects 62 start-ups for Revv Up

Start-ups selected from other States express interest to open a local office next year

December 09, 2022 09:14 pm | Updated 09:14 pm IST - HYDERABAD

As many as 62 start-ups have been selected for the third cohort of Telangana AI Mission’s Revv Up accelerator.

The start-ups are from 13 States and represent 15 sectors, including enterprise SaaS, smart cities, agriculture, healthcare and education, Industries and IT Minister K.T. Rama Rao’s office said on Friday in a release announcing their selection.

Supported by IT industry body Nasscom, Revv Up is a 12-month accelerator for start-ups offering solutions using Artificial Intelligence (AI) and seeks to enable and empower them through a series of structured interventions. The programme commenced in August last year and with the third cohort, will impact over 140 AI start-ups.

The call for applications, for the third cohort, attracted over 220 applications, which the Minister’s office said was a pointer to the growing popularity of the programme and its benefits.

Over 80% of the start-ups selected for the cohort are from other States and had expressed an intent to open a local office next year. More than 20% start-ups in the cohort have a female founder and over 80% is either bootstrapped or has early funding.

“Pleased to see our State-sponsored acceleration programme grow by leaps and bounds by supporting start-ups from around the country. This is a testament to the strength of Telangana innovation ecosystem and supportive policies in place for start-ups. I would like to invite start-ups, particularly those in the field of AI, to come to Telangana and benefit from our favourable start-up environment,” Mr. Rao said.

The next cohort of Revv Up is expected to commence in May 2023 and applications are tentatively planned a month prior.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.