Hyderabad: Telangana-based startup ecosystem builder T-Hub has announced the seventh batch of its seed accelerator programme Lab32. It has on-boarded 23 startups for the new batch and the new programme guides entrepreneurs to refine their products for market fitness and create maximum economic and social impact.
The three-month seed accelerator hybrid programme will commence on December 7. It comprises startups that will solve challenges from emerging sectors such as sustainability, edtech, direct to consumer, media, fintech, agritech, supply chain, blockchain, big data, cyber security and collaboration tech.
T-Hub, CEO, M Srinivas Rao said, “The Lab32 accelerator programme reflects our commitment to support the next generation of entrepreneurs and community leaders. We are hopeful that the program will prepare startups for rapid growth, making them investment-ready.”
About 175+ startups from across the country applied for this batch and were evaluated by the startup innovation team of T-Hub. They were selected based on criteria such as – founder’s mindset, product readiness, business scalability and innovative solutions. The three-month-long sector-agnostic seed accelerator program will encompass customised workshops, mentorship, office hours, expert guidance, peer review, product evaluations and other essential interventions. Startups will work on business goals in an intensive setting.
So far, Lab32 has hosted six cohorts since its launch in 2018 and helped 225 startups to scale their businesses quickly and strategically. The sixth cohort witnessed a total increase in revenue of the graduated startups by 607 per cent with startups increasing their revenues from Rs 25 lakh up to Rs 1.78 crore.
The shortlisted startups are Skillarthi, SmartchargeEV, Zerotouch, BeaversIn Technology, Rozgarkart, Pompah, Parking Mantra, Clicinsight, Patasala, Arrive, Affluence, happy healthy life private limited, Grecollate Technologies, Aspecto Technologies, Aarxz, Lurnweb, AUGR SHOP, Ira EdTech, Alfabets Learning, Orangeshark, Nexteen, Digital Trace and Squadl.