Tata Sons Chairman Emeritus Ratan Tata and Governor ESL Narasimhan on Thursday inaugurated the first phase of T-Hub, the start-up incubator of Telangana. The incubator, the largest in the country for start-ups, is located at the International Institute for Information Technology (IIIT) at Gachibowli, and offers 70,000 sq feet area with infrastructure to start-ups willing to pay a fee to use the facility.
The Indian School of Business and National Law University are also mentoring the incubator, the first phase of which is known as Catalyst. At least 140 start-ups are expected to start at the Catalyst facility and will get a minimum of six months times to establish themselves after which they will move out to allow freshers to come in.
Telangana IT Minister K T Rama Rao said that a board comprising industrialists and entrepreneurs would guide the T-Hub. “The Government wont interfere in the functioning of the T-hub and will function independently. It will be a model incubator when the second phase is also completed,’’ Rao said. The second phase will be set up with another Rs 150 crores and the facility will offer over 3 lakh sq feet space.
The T-Hub is a unique public-private partnership between the government of Telangana, three academic institutes-IIIT-H, ISB and National Law University, Nalsar- and key private sector leaders. These entities have come together with a clear vision to create an innovation ecosystem centered around Hyderabad, leveraging the City’s traditional strengths in technology, education and entrepreneurship, as well as its position as a preferred destination for multiple national and international businesses across sectors.
T-Hub is designed to support technology-related start-ups, and its mission is to catalyse the creation of one of the tightest and most vibrant entrepreneur communities in the world in order to encourage and fuel more start-up success stories in India.
T-Hub hopes to attract the best start-ups and entrepreneur organizations from across the world to Hyderabad; Work with an extensive network of partners to help entrepreneurs launch and scale innovative companies; Equip innovators and organizations alike with the entrepreneurship skills required to succeed, using methodologies that transcend traditional learning; and Link, educate and promote all entrepreneurship-related stakeholders in Hyderabad and Telangana, including start-ups, investors, incubators and accelerators, research centres, start-up resources etc. in order to facilitate faster connections between talent, ideas and capital.
“We are anchoring the entire Telangana start-up ecosystem with India’s largest building dedicated entirely to entrepreneurs, a state-of-the-art 70,000 square foot building called Catalyst. Located on the IIIT-H Campus, the sprawling world-class building will bring the Hyderabad start-up community together by providing a platform for entrepreneurs, mentors, investors and academia to interact and collaborate. By connecting start-ups 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 start-up cities in the world,’’ IT Minister K T Rama Rao says.