T-Hub completes five years of building innovation ecosystem in Telangana
T-Hub has designed and delivered over 75 innovation programmes, enabled startups go-to-market, got customers, raised funds and empowered corporations to build a culture of innovation and create impact.
Hyderabad: T-Hub, which is celebrating its fifth anniversary today, has contributed to the Indian innovation ecosystem since 2015 by institutionalising innovation programmes for startups, corporations, and more, and building a global innovation hub. It has impacted over 1,100 startups and more than 430 corporations.
T-Hub has designed and delivered over 75 innovation programmes, enabled startups go-to-market, got customers, raised funds and empowered corporations to build a culture of innovation and create impact.
Jayesh Ranjan principal secretary, IT & Industries, Telangana, said, “A sizable percentage of this generation is becoming entrepreneurs, and organisations like T-Hub are sowing the seeds early. They are proving to the ecosystem the real potential of starting a business and providing guidance to make it a success. Telangana government appreciates T-Hub for creating a vibrant innovation ecosystem in Telangana which transcends globally.”
Major milestones
The startup innovation team through its flagship programme, Lab32, has helped startups such as Chitmonks, Drink Prime and Pulse raise funding.
T-Hub’s corporate innovation programme has impacted Indian corporates and MNCs from across the world like Raytheon Technologies, Boeing, and Oppo, among others. T-Hub’s corporate memberships and partnerships have enabled more than 350 startups to collaborate, present Proof of Concept (PoC) work, raise money or get acquired by larger corporates, out of which 100 startups from Hyderabad engaged in such programmes.
T-Hub has forged international connections in the last one year, including the South Korean Government, Japan Investment and Cooperation Agency (JICA) and others, which helped create more than 325 international startup connections.
T-Hub continues to evaluate partnerships with international and national government bodies, research institutes, ecosystem enablers, such as IIT, IIIT, NALSAR, TiE, CII, NASSCOM, HYSEA, DST, MietY, AIM, Startup India, along with the partners from the Telangana innovation network.
Under Ravi Narayan’s leadership, T-Hub has been executing its vision for enabling and empowering a global innovation ecosystem through a three-pronged strategy of creating impact for startups, corporations and other innovation ecosystem stakeholders in collaboration with Telangana innovation partners and other innovation stakeholders from across the world.
Ravi Narayan, CEO of T-Hub and CIO, Telangana, said, “Innovation is not just an invention but it is the result of rigorous efforts to make it of market value, followed by numerous collaborations, continuous coaching, and networking in the ecosystem.”
Due to this robust innovation ecosystem that T-Hub and other enablers in Telangana have built, T-Hub has seen a rise in the total number of startups from 400 to 2,000 in the span of the last few years in the State, he added.
Performance benchmarks
The latest Startup Genome Global Startup Ecosystem Report (GSER) reflects on T-Hub’s contribution and is a testament of the impact created by it in a short period of time. The report has a special feature on Telangana, highlighting its growing innovation ecosystem and providing it global exposure as a leading Indian tech hub.
Telangana’s performance was benchmarked, and Telangana was recognised as the Top 30 Global Ecosystems for affordable talent. Hyderabad was recognised in the Top 100 Emerging Ecosystems Ranking, out of 300 ecosystems globally that they evaluated.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
