Gaddam Vamsi Krishna launches KGF to turn Telangana’s youth into job creators

Peddapalli MP Gaddam Vamsi Krishna has launched the Kaka Growth Fund (KGF) initiative to encourage youth of Telangana to turn their innovative ideas into successful businesses and become job creators. At the Kaka NextGen Leaders programme held at Dr.

B. R. Ambedkar Educational Institutions in Hyderabad on Wednesday, Mr. Vamsi Krishna interacted with students, explored their innovative business ideas. He awarded ₹2.25 lakh in seed investment to three winning teams — ₹ 1 lakh for the first prize, ₹75,000 for the second prize and ₹ 50,000 for the third prize.

Inspired by the legacy of his late grandfather and former Union Minister G. Venkataswamy, popularly known as Kaka, Mr. Vamsi Krishna said the initiative aimed to promote innovation, entrepreneurship and startup development among young people.

Under the KGF initiative, young innovators will have an opportunity to receive ₹ 5 lakh to transform their ideas into viable businesses, he said. He also expressed his commitment to extending the initiative to all districts of Telangana to ensure that talented students from rural areas, small towns get equal opportunities to showcase their innovations and access support.

The initiative seeks to promote innovations in artificial intelligence, renewable energy, agriculture, technology and sustainability. It will also facilitate mentorship, industry interaction and access to investment opportunities for aspiring entrepreneurs.