Hyderabad may soon incubate defence companies
Speaking at a two-day conclave of defence and aerospace electronic industry on Deftronics-2017' (defence and electronics), the minister said,
Hyderabad: IT minister K.T. Rama Rao on Thursday said that the TS government was mulling to set up an exclusive incubator for startups working in defence sector.
Speaking at a two-day conclave of defence and aerospace electronic industry on ‘Deftronics-2017’ (defence and electronics), the minister said, “We have series of discussions with the scientific advisor to Raksha Mantri (defence minister) and with the support of Centre we will be launching a defence electronics and defence focused incubator in Hyderabad.”
He said that the government was planning to develop a million square feet workspace to accommodate startups across different sectors under the state’s ‘Innovation Policy’. “We are going to launch the world’s largest incubator by next year with a space of 3.5 lakh square feet to accommodate at least 1,000 startups at one roof,” he said.