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Hyderabad: The Telangana government will create a Rs 1,000 crore fund for startups, Chief Minister A. Revanth Reddy announced on Wednesday.

He urged the startups to use the fund to grow and become the next Google. He emphasised the need to focus on product-based, innovative and IP-intensive startups.

The Chief Minister was speaking at the inauguration of Google for Startup Hub at T-Hub, India’s largest startup incubation centre in Hyderabad.

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The Chief Minister stated that the government wants to create a good ecosystem for the growth of startups in the state.

He told the startups that the Telangana government and Google

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