Hyderabad to be a WiFi City; Government Wants To Create Separate Funds For Startups

The newly formed Telangana state’s IT minister has announced that Hyderabad will be made a WiFi city. And not just that, he also mentioned that the government will focus on encouraging startups in IT industry and provide incubation facility, in partnership with IIIT and ISB. The government is also mulling creation of a separate fund for IT startups/incubation (via).

Recap of Recent Developments by state and central governments.

– The central government announced the formation of MoS for Entrepreneurship. The BJP had also promised to improve the technology infrastructure in the country by setting up Wi-Fi zones and 100 Hi tech cities and making better use of technology in various sectors like education and healthcare.

– Karnataka to Setup Rs 15 cr Angel Fund: Budget 2013-14

Kerala had setup an angel fund of Rs 10 cr Angel Fund To Invest in Startups. The state government also floated options to allow students to explore entrepreneurship (with 4% grace marks).

We’d also hope to see the $1 bn India Inclusive Innovation Fund fast tracked to make investments in startups.

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