TG Budget To Announce Fund Of Funds For AI-Based Startups In Healthcare
Health data exchange, subsidised compute infra, deployment of data centre capacity, access to govt hospitals to run PoC, lined up for startups with AI solution
Jayesh Ranjan, Telangana IT Special Chief Secretary, giving away the award to the winner of Pitch Games 2.0, in Hyderabad on Wednesday
Hyderabad: The Global AI Summit 2024 held in the city last year has enabled the State government to lay down a roadmap to make Hyderabad the AI capital. The plan to strengthen AI-based healthcare and Life Sciences startups includes a Fund of Fund, Health Data Exchange, computing infrastructure at subsidised rate, deployment of data centre capacity, and access to government hospitals for running Proof of Concept, said Telangana IT Special Chief Secretary.
Addressing the AI Healthcare Summit 2025, Jayesh Ranjan, IT Special Chief Secretary, Government of Telangana, said that the Global AI Summit held in 2024 has enabled the government to develop an AI (Artificial Intelligence) roadmap, which is now in its implementation stage.
“In the coming State budget we will be announcing a Fund of Funds that will be administered by T-hub on behalf of the State. Majority of it will go to AI-based startups, and specific amount of it will go to startups in healthcare and Life Science. We should become the capital for AI in healthcare,” the Special Chief Secretary said.
Speaking about a Data Exchange platform, Ranjan said, “For many working on AI-enabled solutions one of the critical aspects is the data through which the algorithm can be created. As we know patient data is confidential we have now decided to create similar data exchanges like the ADeX. We have started working on health data exchange. Once the health data exchange is ready the process will be automated. This is the first big intervention the government will be introducing.”
He further mentioned about making computing capacity available at a subsidised cost for AI startups in healthcare. He also said that the government is demanding Hyperscalers who are setting up data centres in Hyderabad to provide significant data centre capacity AI startups. Ranjan also informed that the health department has approved startups to access government hospitals for running the PoC and try out the solution.
During the one-day event, various sessions, panel discussions, and startup pitches were held.
