Hyderabad: After almost six months of launching the India Innovation Hub, T-Hub and Facebook on Wednesday announced the first batch of winning startups of the programme. Launched in November 2017, the programme aims to help startups focused on using emerging technologies by providing support and mentorship to accelerate their businesses. A cohort of nine startups focused on VR have been selected and each startup will get access to training, mentors, workshops, research, and Facebook’s VR Innovation lab located at T-Hub as part of the three-month accelerator programme.
Out of the nine selected startups, two are from Hyderabad – Loop Reality and Merxius Software – and others include Dimension NXG, GMETRI Studios, Highir Technologies, Innov4Sight Health and Biomedical Systems, Parallel XR, Scapic Innovations and VadR. These startups were selected from 20 applications that were presented to a jury comprised of experts from Facebook, T-Hub and external industry members.
Jay Krishnan, CEO, T-Hub said, “Our programme with Facebook has discovered startups leveraging AR and VR technologies in areas like healthcare, HR and enterprises training, enriching customer experience and enterprise analytics. We are excited to help these startups scale up to global markets through our bespoke accelerator programme with Facebook.”
“As the startup ecosystem of emerging technologies is taking an optimistic shape in India, we are dedicated towards setting them up for success by providing the mentorship and access to the right tools & technology for scaling their businesses. We are excited to be part of this ecosystem and can’t wait to see how these nine startups scale their innovation,” said Satyajeet Singh, head – strategic product partnerships, India & South Asia, Facebook.
The startups selected through this program will work with subject matter experts, mentors, and coaches from both Facebook and T-Hub, to collaborate and prioritize the solution. All interventions will happen at T-Hub. They will also have opportunity to showcase their solutions to executives of Facebook and T-Hub and further collaborations between cohort startups and Facebook would be discussed, a statement from T-Hub said. Qualified startups will be directly accepted to the FbStart program.