The T-Hub 2.0 facility occupies 70,000 square feet on the IIIT Hyderabad campus in Gachibowli. Since 2015, it has touched over 1,100 start-ups and raised over ‘1,860 crore in financing.
- The T-Hub 2.0 facility occupies 70,000 square feet on the IIIT Hyderabad campus in Gachibowli.
- Since 2015, it has touched over 1,100 start-ups and raised over ‘1,860 crore in financing.
HYDERABAD: The declaration by IT and Industries Minister KT Rama Rao on Sunday, September 13, 2021, that the T-Hub 2.0 facility was almost ready comes as a significant boost for startups, given how much the first phase of the project has impacted them.
T-first Hub’s phase, which opened in 2015, is housed in 70,000 sq ft of built-up space at the IIIT Hyderabad campus in Gachibowli. Since then, the innovation ecosystem enabler has affected over 1,100 start-ups, raising more than Rs 1,860 crore through more than a hundred programs hosted at the start-up incubator.
Despite the lockout, T-Hub has almost completed the third batch of Lab 32, its flagship incubation program, with the fourth batch scheduled for October 2021. A virtual community program for start-ups was also held in partnership with the Telangana State Innovation Cell (TSIC), allowing more than 50 start-ups the opportunity to interact with T-Hub.
This year, the Fintech Accelerator Programme was formed in partnership with the National Payments Corporation of India (NPCI) and the Department of Science and Technology (DST) to promote start-ups revolutionizing the digital payments industry. T-Hub is also constructing a financing desk, which will assist handpicked start-ups in applying for grants and pitching to selected investors for investment.