India’s largest facility for innovation and entrepreneurship to get bigger and swankier
Hyderabad: T-Hub, India’s largest facility for innovation and entrepreneurship that is backed by the Telangana government, will soon grow bigger. The T-Hub 2.0, which will be ready by March end, will have 3.5 lakh sq ft and is being built at a cost of Rs 276 crore. Once operational, the building would house more than 1,500 startups, making it the largest startup incubation centre in the world.
T-Hub in its five years of existence has helped more than 1,120 startups garner about Rs 1,800 crore as investment and provided employment to over 2,500 people in Hyderabad itself. T-Hub is a partnership between the Government of Telangana, three academic institutes in Hyderabad – the International Institute of Information Technology, the Indian School of Business and the National Academy of Legal Studies and Research, and also the private sector.
T-Hub rents out office and meeting space, and offers services such as connections with mentors and investors, to startup companies in the technology sector.
Due to a robust innovation ecosystem that T-Hub and other enablers in Telangana have built, the State has seen a rise in the number of startups from 400 a few years ago to about 2,000 now. It designed and delivered more than 75 innovation programmes in five years and had enabled more than 325 international startup connects.
T-Hub’s corporate memberships and partnerships have enabled more than 350 startups to collaborate, raise money or get acquired by large corporates, out of which about 100 startups are from Hyderabad that are engaged in such programmes. About 435 corporates are working with T-Hub and this is expected to touch 600 shortly. It worked with about 70 investors now and that will increase to 300 in a year.
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