The Government of Andhra Pradesh has taken the initiative to create a world-class technology innovation ecosystem in the state by setting up XLr8 Andhra Pradesh Technology Business Accelerator (XLr8AP) at Tirupati, a joint venture with the Innovation Society of the Government of Andhra Pradesh, the Federation of Indian Chambers of Commerce and Industry (FICCI).
The purpose of this initiative is to create jobs and wealth in the Sunrise State, working with technology startups in advanced capacity building, acceleration into the global marketplace and mobilization of venture capital. The primary goal is to increase knowledge, wealth and employment in the State and beyond.