fbpx
Ultimate magazine theme for WordPress.

Andhra Pradesh joins hands with US firm, announces $1 mn global challenge for start-ups

67

The Andhra Pradesh government in association with a US-based innovation platform for enterprises, founded by an Indian IT veteran, has announced a US$ 1 million global challenge for startups to showcase their products and solutions in the fields of agriculture, emerging technology and fin-tech. As part of the challenge, roadshows are planned in Chicago, New York, San Francisco, Tel Aviv, Paris, London, Hong Kong and Bengaluru. The first roadshow was held in Chicago, according to a press release.

The challenge, organised by Fintech Valley Vizag in collaboration with Bizofit, will culminate in Vizag with presentations by 25 selected finalists on October 25. Fintech Valley Vizag is an initiative of the Andhra Pradesh government to promote business infrastructure and attract investors and multinational corporations to set up offices in the state.

Bizofit, founded by Indian IT veteran Bala Palamadai, is a crowdsourced innovation platform connecting enterprises with tech companies. A first prize of US$ 1,50,000 (Rs 1 crore) and US$ 1,00,000 (Rs 70 lakh) as second prize would be given to the winners. The finalists in each category would get Rs 7 lakh each.

“The Andhra Pradesh government is committed to create a robust ecosystem of next-gen startups and a talent pool that corporates, investors and technology companies can leverage to navigate the emerging digital trends and enable co-innovation,” JA Chowdary, Special IT Advisor to the Andhra Chief Minister, said.

“Bizofit is pleased to have been chosen as the North America Challenge Partner of Andhra Pradesh in this exciting journey. We believe, this will position VIZAG as a ‘Virtual Innovation Zone Accelerating Growth’,” Bizofit founder and CEO Palamadai said.


If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]

Get real time updates directly on you device, subscribe now.

Advertisement

Subscribe to our newsletter
Sign up here to get the latest news, updates delivered directly to your inbox.
You can unsubscribe at any time
Comments

Join Our Newsletter Today!

Stay updated with all latest updates from the world of Business Technology, get exclusive invites to our upcoming events & much more.
Subscribe Now!
SUBSCRIBE NOW
close-link