India's Largest Startup Incubator 'T-Hub' Launched
HYDERABAD: The launch of T-Hub, India’s largest incubator for start-ups, has generated enormous buzz on social media platforms like Facebook, Twitter and others. The buzz reached a crescendo by Thursday evening itself as the hashtag #ItStartsHere started trending nationwide on Twitter.
The PPP project aims to assist 800 Indian start-ups, with the first phase offering seed funding, working space, mentorship, and opportunities to network in one place.
The project is being developed in public private partnership (PPP) mode by the Telangana government, in collaboration with the International Institute of Information Technology (IIIT), Indian School of Business (ISB), and NALSAR University of Law. Chairman Emeritus of Tata Sons, Ratan Tata, inaugurated the facility in the presence of several dignitaries.
The first phase of the project, a six-storey building located on the sprawling International Institute of Information Technology campus, can accommodate up to 150 startups. Lack of such a facility forced many local entrepreneurs to shift their base to Bengaluru city in the neighbouring state of Karnataka in the past.
There has been tremendous response to the $6 million first phase, which is offering seed funding, working space, mentorship, and opportunities to network in one place. In fact, more than 300 startups have lined up to get registered so far, but only half were successful while the remainder were assured of assistance in future.
The second phase of T-Hub is set to be completed in less than three years at a cost of about 150 crore rupees ($23 million), with a campus of its own spread over 300,000 square feet. By 2020, it plans to incubate 1,000 startups and generate 3,000 jobs.
In overall T-HUB is going to be a leading startup zone of india like as sillionvally.
The PPP project aims to assist 800 Indian start-ups, with the first phase offering seed funding, working space, mentorship, and opportunities to network in one place.
The project is being developed in public private partnership (PPP) mode by the Telangana government, in collaboration with the International Institute of Information Technology (IIIT), Indian School of Business (ISB), and NALSAR University of Law. Chairman Emeritus of Tata Sons, Ratan Tata, inaugurated the facility in the presence of several dignitaries.
The first phase of the project, a six-storey building located on the sprawling International Institute of Information Technology campus, can accommodate up to 150 startups. Lack of such a facility forced many local entrepreneurs to shift their base to Bengaluru city in the neighbouring state of Karnataka in the past.
There has been tremendous response to the $6 million first phase, which is offering seed funding, working space, mentorship, and opportunities to network in one place. In fact, more than 300 startups have lined up to get registered so far, but only half were successful while the remainder were assured of assistance in future.
The second phase of T-Hub is set to be completed in less than three years at a cost of about 150 crore rupees ($23 million), with a campus of its own spread over 300,000 square feet. By 2020, it plans to incubate 1,000 startups and generate 3,000 jobs.
In overall T-HUB is going to be a leading startup zone of india like as sillionvally.
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