Hyderabad: iBuild (iB) Innovations India which works to channelise the energy of millions of youth by engaging them in constructive activities is building a platform that enables them to do and learn further developing a culture of innovation and entrepreneurship.
IB Hubs which began its operations on November 13 last year, envisions establishing 500 iB Hubs across the country by December 2019. Each hub would have four spokes around it making a total of 2,500 centres. The idea is to create a network of hubs reaching the grassroots making the ecosystem accessible to everyone. It has set up 30 hubs and five nodal centres across seven States, of which eight hubs in Telangana alone.
iBuild Innovations India CEO Radha Alekhya Kommanaboina told Telangana Today, “By March 2018, we are planning to set up hubs across 20 States and by the end of December 2019, we will have 2,500 centres all over the country.”
With a foothold in over 40 countries covering major business regions across the world, iB Hubs enables Indian startups to access foreign markets and startups to enter into India market. It is creating nodal centres globally. iB Hubs has also supported a startup from Dubai and one from Shenzen (China).
She informed, “In the first phase, we will establish global nodal centres in UK, China and Australia by March 2018. In the second phase we are going to establish them across USA, Singapore and Bahrain. And in the third phase, the centres will come up in Brazil, South Africa and Russia.”
When asked about the revenue model, she said, “iB Hubs would have equity in the startups that it supports, through which it is going to generate revenue when these startups become successful.”
Plans for Telangana
iB Hubs is going to conduct “Power to India” workshops in Telangana, Andhra Pradesh and Uttar Pradesh to create awareness on entrepreneurship and advanced technologies among youth, especially from Tier-2, Tier-3 cities. As a part of this programme, it will conduct over 16 workshops across Telangana covering Hyderabad along with other places like Warangal, Karimnagar, Adilabad during August – September.
So far iB Hubs has supported 73 startups across the country and of them over 30 are from Hyderabad. They include CyberEye founded by Ram Ganesh that works on training and research in cyber security. An Edtech startup (stealth mode) founded by Neerad Kumar which works on providing affordable international education to people using technology. Make The World Wonderful, founded by Meghana Dabbara is an NGO working to build harmony in the society.
iB Hubs is setting up an IoT incubation centre in Basar in collaboration with Rajiv Gandhi University of Knowledge Technologies (RGUKT). The centre will be operational by next month.
“At this centre, we are establishing state-of-the-art infrastructure required for IoT startups to create prototypes of IoT products. Our vision is to develop IoT ecosystem in the region and thereby provide opportunities to youth from Tier-3 and Tier-4 cities. We will also be providing trainings in IoT to students in Basar. These trainings will be majorly focused in developing the skill sets of the students who are interested in pursuing a career in IoT,” she explains.
iB Hubs Startup School
With a focus on learning, collective intelligence and get things done, the iB Hubs initiated a Startup School programme on May 12 this year. The programme witnessed over 500 applications from more than 160 colleges comprising 23 States. And 70 entrepreneurs of 40 startups were selected.
The programme was organised in two cohorts at Hyderabad and Lucknow. Over 20 industry experts who are pioneers in their own field covering different aspects of entrepreneurship ranging from product development, fundraising to legal aspects engaged with startups to help them in their journey.
Customer development, team building and team culture, design thinking principles, legal aspects of business, networking and fundraising were focused by programme mentors.
Empathy experiments were conducted to gain insights into customer mindset and build their products accordingly. Support tools with combined worth of Rs 1,00,000 i.e. Amazon Web Services credits for website development, Exotel credits, Sendgrid credits, Instamojo discounts, and more were provided free of cost to help startups experiment with their minimum viable products (MVPs) and validate their needs. The programme lasted for 56 days for the two cohorts, guiding each startup for four weeks.