Seed Fund Of Rs 250 Cr Set Up For Encouraging Startups, Says Lokesh
AP IT Minister Nara Lokesh encourages youth to become job creators, leveraging technology and innovation
Seed Fund Of Rs 250 Cr Set Up For Encouraging Startups, Says Lokesh
Amaravati: Andhra Pradesh Minister for Education, IT and Electronics Nara Lokesh on Thursday declared that Andhra Pradesh will be taken to No. 1 position in the country in the education sector and declared the creation of a seed fund with Rs 250 crore to encourage startups by budding entrepreneurs.
Inaugurating the international Higher Education Fair (IHEF) on the Vellore Institute of Technology campus being organised by VIT and the State government, he felt that the youth should focus themselves to be job creators rather than looking for employment opportunities. Earlier, he flagged off a driverless van, a drone and a robot on this occasion.
Lokesh gave a call to the youth to set up startup companies taking advantage of the latest technology as the AP Innovation Society is ready to extend all possible cooperation and assistance for such entrepreneurs. In fact, a seed fund with Rs 250 crore has been created for this purpose, he added.
The youth should realise their dreams by moving forward with the perspective of broad thinking, the Minister told the youth and made it clear that the State government's sole aim is creating an education system with moral values. Education institutes like VIT should focus on outcomes instead of outputs, Lokesh maintained.
The Minister said that the youth should move forward with the single goal of achieving success and should concentrate on new innovations keeping themselves abreast of periodical developments across the globe. "I too have worked with the World Bank in 2005 after doing my MBA from Stanford University. I too faced several ups and downs like anyone else," he recalled.
Observing that he is totally committed to achieve his goals, Lokesh said that the youth should take him as an example. The State has umpteen job opportunities presently, the Minister said that the developmental works in the capital city of Amaravati are moving at a fast pace.
Chancellor of VIT (AP) Dr G Viswanathan felt an immediate need for increasing the budgetary estimates in the country for education. Vice Chancellor of VIT Dr SV Kota Reddy, Registrar Jagadeesh Chandra Murugan,International Relations Coordinator Goswamy, Prof. Reethu and others participated.
