Hyderabad: Chief Minister A Revanth Reddy on Wednesday announced a ₹1,000 crore startup fund to support early-stage companies in Telangana, aiming to turn Hyderabad into a unicorn hub, not just a startup capital.
Speaking at the launch of the Google for Startups hub at T-Hub, Reddy said the government is committed to building a strong ecosystem that can transform startups into globally competitive unicorn firms. He said Telangana is ready to provide all necessary support to Google in this partnership.
Startups need teamwork and determination, says CM
Drawing an analogy with football, the Chief Minister likened startups to a team sport that requires collective effort and grit. “I play football. Teamwork, persistence, and focus are critical — just like in startups. Ultimately, winning matters,” he said.
He noted that Hyderabad already hosts some of India’s top startups, including global players like Google. “You are young, energetic, and dream-driven,” he told entrepreneurs. “Let me share something inspiring in 1998, two Stanford students began a startup in a California garage. That became today’s Google,” he said.
Telangana branding itself as a global innovation leader
Reddy linked the startup push to the state’s larger vision under the Telangana Rising 2047 Global Summit, held over the past two days. He said the aim is to present Telangana as a global innovation brand while accelerating its long-term development.