Telangana CM to Inaugurate Second Phase of T-Hub in Hyderabad on June 28. Details Here

Hyderabad: In a great news for stakeholders of technology and startups, the second phase of T-Hub is all set for inauguration in Hyderabad on June 28. Spread over 370,000 square feet and designed to house more than 1,500 startups, this will be the world’s largest technology startup incubator. Telangana Chief Minister K. Chandrasekhar Rao will inaugurate the facility, which has come up at Raidurg in Hitec City, the information technology cluster.Also Read – Three Persons Electrocuted in Telangana

Information Technology Minister K. T. Rama Rao on Sunday took to Twitter to announce that the Chief Minister will be inaugurating the new facility. He said this would give a huge fillip to Hyderabad innovation ecosystem. The minister had stated earlier that the state government has invested more than Rs 276 crore on the facility. Also Read – Agnipath Protests: KCR Announces Rs 25 Ex-Gratia For Kin Of Youth Killed In Secunderabad Railway Station

Backed by the Telangana government, the facility for innovation and entrepreneurship is expected to give further boost to the startup and innovation culture in this technology hub. The building was originally scheduled to be ready in the second half of 2019 but the work was delayed due to various factors and Covid-19 led to delay of another two years. Also Read – The Burning Train: How 40 Passengers Were Rescued In Violence-Hit Secunderabad Amid Agnipath Protest

PPP between Telangana govt and 3 premier institutions

T-Hub, the startup catalyst, was established in November 2015. It is a public private partnership between the state government and three premier academic institutes – the International Institute of Information Technology-Hyderabad (IIIT-H), the Indian School of Business (ISB), and the National Academy of Legal Studies and Research (NALSAR) University of Law.

Things to know about T-Hub 1st phase:

1. The first phase of T-Hub was launched in 2015 at IIT-H. Housed in a 70,000 square feet space called Catalyst within IIIT-H campus, it transformed as the largest and the best technology incubator in the country.
2. The facility rents out office and meeting space, and offers services such as connections with mentors and investors, to startup companies.
3. It hosts entrepreneurs, venture capitalists, investors, mentors and advisors. Several people from top academic institutes have taken the mentor’s role.
4. According to officials, T-Hub has not remained just as an incubator, but through various initiatives became a key enabler of the innovation ecosystem of Hyderabad.
5. It is estimated that T-Hub has so far impacted 1,100 startups and cohort start-ups raised Rs 1,860 crore. It also offered more than 100 exclusive programmes.

(With inputs from IANS)