SOURCE: E-BOOK ON SUCCESS STORIES RELEASED BY THE PRIME MINISTER ON CIVIL SERVICES DAY 2017
According to a 2015 NASSCOM Report, close to eight percent of the startup activity in India was happening in the city of Hyderabad. It is now strongly emerging as a hotbed of entrepreneurship. The city is a conglomeration of talented workforce and world-class research in potential medicine, biotech, and agriculture.
The State of Telangana has launched its Innovation Policy 2016 on April 4th, 2016, targeting Innovation in Startups and Large Corporations alike. In the policy, a multitude of initiatives has been announced along with a slew of incentives to promote startups and incubators.
T-Hub is one of the key initiatives of Telangana. Ideated by the Government of Telangana in early 2015, T-Hub was formally launched in November 2015. It aimed to house startups encouraged through a unique PPP model with collaboration from the State Government, International School of Business, Hyderabad, IIIT Hyderabad and Nalsar – comprising a board of independent investors and corporate giants.
The partnership endeavours to aid technology-related startups and the ‘Hub’ provides an innovation-driven ecosystem for these companies at a nominal fee. The incubator is a vantage point for entrepreneurs and investors from India and the world, as it is hard for startups to acquire sophisticated infrastructure and professional services.
With the aim of turning Hyderabad into the Startup capital of the country, T-Hub has turned into one of the largest Startup ecosystem builders in India, with over 2000 startups in its database clustered into various stages of growth across sectors of specialisation.
T-Hub is also the only model where the Government is working intensely with the investor and the partner to fuel innovation and facilitate enterprise. Currently, T-Hub has seen 58 success stories since its establishment, some of the startups such as Banyan Nation, Kheyti, Hug Innovations, Monitra, Desi OPT, Gayam Motor Works, AuthBase are making us proud in the international arena. 17 startups have raised funding so far, and the disclosed amount would be more than $4.7 Million + dollars.
With ideas like T-Hub, the Government has been able to support a vision of creating and empowering startups to grow through innovation and design. The city has grown significantly as an IT hub in the past decade, and it is expected that T-Hub will provide a fillip to the space for collaboration and innovation the city deserves.