The Andhra Pradesh government and the PanIIT network will set up a Rs 500 crore deep tech fund, according to the summit announcement. The fund was announced at the PAN IIT Andhra Pradesh Summit 2026 in Vijayawada. Chief Minister N Chandrababu Naidu urged IIT professionals to help make the state a global knowledge hub.
Fund and collaboration
Naidu said IIT alumni, educational institutions, industry and government should work together to advance the state. He said their combined effort would support Andhra Pradesh’s technological and economic progress. The fund is aimed at backing 25 Andhra Pradesh startups by 2030, according to reports on the announcement.
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Naidu said India’s 23 IITs have produced around five lakh graduates. He said those graduates have contributed across sectors worldwide. The summit brought experts together to discuss emerging technologies and their practical applications, according to the announcement.
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The proposed fund places the state government and the PanIIT network behind a shared deep tech initiative. The announcement linked that effort with a broader push to bring IIT professionals into the state’s development plans.
Pan-IIT council
A Pan-IIT World Council will be established in Amaravati, Naidu said. He described it as one of the world’s largest academic and professional networks. The council will advise the state on updating academic curricula, according to the announcement.
Its advice will focus on aligning curricula with technology and industry needs. The council will also advise on developing entrepreneurial skills from the high school level. The stated plan includes creating 100 startup mentors, according to the summit announcement.
Naidu called on IIT professionals to work with the state as it pursues its knowledge hub ambition. He said collaboration across alumni, educational institutions, industry and government could contribute to technological and economic progress.
Quantum computing plans
Naidu said commercial quantum computers could be manufactured within two years. He said mini quantum test labs, including Q-Shiva systems, would be ready before a 156-qubit quantum system becomes operational in Amaravati.
A quantum computer built jointly by IBM, TCS and L&T will also operate from Amaravati, according to the announcement. Naidu said the state aims to manufacture quantum computing equipment and eventually export it. The plans position Amaravati as the location for the stated quantum system and joint project.
The announcement outlined both startup support and quantum computing ambitions at the summit. The state’s proposed fund, council and labs form the initiatives discussed alongside the call for IIT professionals to contribute.