The Raghupathi Venkaiah Naidu Award is an award issued by the Indian state government of Andhra Pradesh, to recognise lifetime achievements in Telugu cinema. The award was introduced in 1981 in honour of Raghupathi Venkaiah Naidu, one of India's film pioneers regarded as the "father of Telugu cinema". The winner is presented a Golden Nandi, a gold medal, a citation and a cash prize of ₹50,000 (US$630) at the Nandi Awards functions.

Akkineni Laxmi Vara Prasada Rao, known professionally as L. V. Prasad, was an Indian film director, producer, actor, and businessman. He was one of the pioneers of Indian cinema and is the recipient of the Dadasaheb Phalke Award, the highest Award for films in India. In 1980, he was awarded the Raghupathi Venkaiah Award, for his contribution to Telugu cinema.