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Innovation can start anywhere, says IT Minister Sridhar Babu
Capital Information
|August 11 Issue
Telangana IT and Industry Minister D Sridhar Babu has said innovation can start anywhere, from Hyderabad or a remote village in the state, and not necessarily from the Silicon Valley all the time.
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Addressing the closing ceremony of “The August Fest 2025", Asia’s largest startup festival held at HITEX, Madhapur last night, he congratulated the organisers and several individuals who contributed quietly to the growth of Hyderabad’s IT ecosystem.
He lauded August Fest founder Kiran for his role in nurturing the city’s startup culture, while Kiran described the Minister as “a politician who works like an entrepreneur.”
Highlighting the city's robust startup growth, the Minister said Hyderabad-based startups raised USD 571 million in 2024 — a 160 per cent jump from 2023 — across 81 funding rounds.
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