To encourage product development among start-ups and small and medium enterprises (SMEs) under the information technology (IT) domain, the Andhra Pradesh government is planning to set up an incubation centre in Hyderabad.
“The state is now more focused on promoting product development in the IT sector. This initiative will empower startups and other independent developers to come and use the plug-and-play facility,” P Venugopal, director of Software Technology Parks of India (STPI) — Hyderabad, told Business Standard.
The incubation centre, spread across 27,000-sft, will come up near Hitec city in Hyderabad. “We expect the centre to become operational in the next six months,” he said.
The state has appointed a consulting agency, which is working on the feasibility of the centre. “The drawing has been approved by the government and now the agency is preparing the estimated cost for the centre,” he said.
Replying to a query on the number of product development companies that are going to be benefited through this incubation centre, Venugopal said, “Once the centre becomes operational, we can put a number.”
