At the Pan IIT Summit-2026 held in Vijayawada, Chief Minister Chandrababu announced the establishment of a Rs 500 crore venture fund for deep-tech startups. Several key milestones for the state's development were unveiled at this conference, AP7AM reported.
A decision was made to establish a permanent Pan IIT Council in Amaravati. The Chief Minister stated that quantum computer operations would commence in Amaravati from next February.
AP7AM noted that along with releasing the historic 'Amaravati Declaration' to establish a Rs 500 crore venture fund to boost deep technology development, the CM also unveiled five "Q-Shiva" quantum computers designed with the "Make in Amaravati" initiative.
These Q-Shiva computers, jointly developed by Cubit Force and Chandigarh University, will function as mini testing quantum labs. Additionally, the Chief Minister unveiled the 4 Kelvin processor 'Srushti'.
CM Chandrababu announced that Amaravati would be developed into a Quantum Valley. These measures are crucial for the future of Andhra Pradesh, AP7AM reported.
These initiatives will contribute to technological development and job creation in the Andhra Pradesh and Telangana regions. Specifically, youth will gain opportunities in advanced technological fields.