XLr8 AP to move to Visakhapatnam, Andhra Pradesh

XLr8 AP, the IC² Institute’s technology business accelerator in the South Indian state of Andhra Pradesh, will move in August to new offices in the coastal city of Visakhapatnam.

The move to Visakhapatnam will place XLr8 AP in an industrial port city of 2 million with a rapidly growing tech sector and active startup scene. XLr8 AP will be housed in the Sunrise Incubation Tower in the neighborhood of Rushikonda, home to many Indian and multinational IT, ITes, and fintech companies.

The move was announced by the Andhra Pradesh Innovation Society (APIS), the state agency responsible for XLr8 AP. XLr8 AP is a joint venture of APIS, the Federation of Indian Chambers of Commerce and Industry (FICCI), and the IC² Institute of The University of Texas at Austin.

XLr8 AP opened in September 2016 in the city of Tirupati, Andhra Pradesh. In its first 16 months it completed the acceleration of 132 Indian startup companies in four cohorts. Companies in the XLr8 AP portfolio have achieved in excess of US$3.4 million in incremental revenue, in the process creating over 1,000 employment opportunities.

For more information

Sunrise Incubation Tower, Visakhapatnam - photo by APIS
Sunrise Incubation Tower, Visakhapatnam

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