The government of Telangana and selected private companies have announced the launch of a startup ecosystem, T-Hub, which aims to aid and incubate budding entrepreneurs, in a private/public partnership deal.
T-Hub, with 70,000 square feet, will facilitate seating capacity for 800 people and can house upto 150 startups.
The facility has tied-up with 20 venture capitalists and has been in talks for collaboration with University of Texas, Houston, MIT Media Lab, Incubio of Spain and laboratories and academic institutions in India and abroad.
By connecting startups to top mentors, investors, organizations and academia, T-Hub will help every entrepreneur realize their dream. T-Hub’s vision and execution capabilities, coupled with industry and academia support will drive economic and social prosperity through entrepreneurship, and make T-Hub a vital node in the network of global innovation hubs. Together, we will fuel Hyderabad’s rise to become one of the top tech startup cities in the world,’’ IT minister K T Rama Rao said.
T-Hub was formally inaugurated by Tata Sons chairman emeritus Ratan Tata along with Telangana Governor E.S.L. Narasimhan. It has been developed by Telangana government, in collaboration with IIIT-Hyderabad, Indian School of Business (ISB) and NALSAR University of Law.
T-Hub will be managed by CEO Jay Krishnan and chief operating officer Srinivas Kollipara, who have prior experience of working within the startup ecosystem.