"If you are a start-up or an IT company that has an annual turnover below Rs 50 lakh, you are eligible to apply for AP Innovation Awards," an official release said.
"Government of Andhra Pradesh values innovative ideas and hence, wants to recognise innovative products/solutions that address societal problems. The start-ups and companies chosen for 'Innovation Awards' will win Rs one lakh per product," it said.
The categories under which start-ups can apply for the Awards are: a) Technologies: IoT, SMAC, Semiconductor (Chip/device/System) design, Green IT; b) Subjects: Education, Healthcare, Agriculture, Digital Literacy, Rural Development, Smart Cities, Logistics Management and Integrated Water Management.
Any start-up or MSME/enthusiastic first-generation technocrats or entrepreneurs from Andhra Pradesh, with an annual turnover between Rs 50 lakh and Rs 25 crore, in Electronics and IT sectors can apply with suo moto proposal under this category, it further said.
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