Peddapalli MP launches KGF to support Telangana youth entrepreneurship
The Kaka Growth Fund initiative aims to provide seed investment and mentorship to young innovators in sectors like artificial intelligence and agriculture.
Peddapalli MP Gaddam Vamsi Krishna launched the Kaka Growth Fund (KGF) initiative on Wednesday to encourage Telangana's youth to become job creators, according to The Hindu.
Speaking at the Kaka NextGen Leaders programme held at Dr. B. R.
Ambedkar Educational Institutions in Hyderabad, Vamsi Krishna interacted with students and reviewed their business ideas.
The MP awarded ₹2.25 lakh in seed investment to three winning teams, with the first prize being ₹1 lakh, the second prize ₹75,000, and the third prize ₹50,000.
Vamsi Krishna said the initiative, inspired by his late grandfather and former Union Minister G. Venkataswamy, aims to promote innovation, entrepreneurship, and startup development.
Under the KGF, young innovators can receive ₹5 lakh to transform ideas into viable businesses in fields such as artificial intelligence, renewable energy, agriculture, technology, and sustainability.
The MP expressed a commitment to extending the initiative to all districts of Telangana to provide rural and small-town students equal opportunities for mentorship and investment.