Hyderaba :

The Telangana Government has appointed Phanindra Sama, who Co-Founded bus ticketing company RedBus and serial entrepreneur, as Chief Innovation Officer of the State.

A South African investment firm had acquired RedBus for about Rs. 780 crore. After the successful exit, Phanindra Sama has been working with start-ups and overseeing the activities of Kakatiya Sandbox in Nizamabad.

Phanindra received the formal appointment letter from Telangana IT and Industries Minister KT Rama Rao at Secretariat on Friday.

Phanindra will head the State’s Innovation Cell, which aims at promoting innovation at the grass root level, catching the school children in rural areas very young.

“The Cell will also focus on bringing the startup ecosystem closer by promoting a State-as-a-whole approach as opposed to concentrating startup activity in one location. It proposes to develop co-working spaces and incubators across the State,” a Government official said later.

source: http://www.thehindubusinessline.com / Business Line / Home> News> National / by KV Karmanath / Hyderabad – November 11th, 2017