Hyderabad: Nearly a year after Microsoft CEO Satya Nadella announced that they would like to work with T-Hub to develop startups, the tech giant signed a partnership with the Hyderabad-based startup engine. As part of the partnership, T-Hub and Microsoft will set up an accelerator for growth-stage startups wherein they can get access to mentorship, technology and support.
The accelerator will be a 90-day programme and about 10 startups will be selected from hundreds of applicants that T-Hub will receive. The first batch of the programme will start next February and the applications for the same are open.
“The 90 days in the accelerator allows for validation of the product, market and revenue. Startups will get access to revenue channels, and they can figure out where they are going wrong,” Jay Krishnan, CEO of T-Hub, said.
From the Microsoft side, startups will also get access to all its tools, which include the company’s sales channel, which will sell the product for the startup. The sectors that the accelerator will be concentrating on are HealthTech, FinTech, Smart Cities and Transportation, among others.
This is not the first time that T-Hub partnered with corporates to help startups. T-Hub has partnerships with Yes Bank, IBM, PwC, Samsung and 100 corporates to support and accelerate the startup ecosystem. The building houses 200 startups on site and supports 100 more through its virtual site. The second phase of T-Hub is going to be a reality soon and according to T-Hub COO Srinivas Kollipara it should be up and running by 2018. “The new building is going to be 3,50,000 sq ft and can house more than 3,000 startups,” Kollipara said.