Hyderabad: The State government is providing support to startups working from Telangana. Other than providing incubation and infrastructure help through institutions like T-Hub, WE-Hub and TWorks, the State government is helping startups in procurement process and providing access to research institutions like IIIT-H, IIT-H, Nalsar among others.
Telangana IT Principal Secretary Jayesh Ranjan said, “Since the last five years, Telangana actually stood on its policies and we are praised for delivering our promises. We offer infrastructure, procurement, institutional and even funding support to startups working in the State. About 200 startup solutions have been on-boarded in our State in various departments and recently about 31 startups were provided with funding support through our T-Angel initiative.”
Ranjan, who was speaking at Microsoft’s Highway to a Hundred Unicorns event, said that the Government provides benefits to startup via its innovation policy. The Highway to a Hundred Unicorns’ Hyderabad programme has selected 10 startups from Telangana out of the 100 applications it had received. These 10 startups selected through Emerge-X will win Azure credits and host of business and technology benefits from Microsoft.
“Hyderabad is the fifth city where we are conducting this event and we are selecting startups from Tier-2 cities for the competition. Along with providing technology support through Microsoft, the startups will also receive funding and mentorship support from our ecosystem partners like Global Entrepreneurship Network, TiE, Headstart, Nasscom and Startup Grind,” said Rajiv Kumar, MD, India Development Centre, Microsoft.
Kumar also elaborated that India is at number 3 in terms of number of startups and there have been 30,000 startups that have emerged in the country in the last 10 years with an average of 3,000 startups per month. In terms of unicorns as well, India has 34 unicorns and this number is set to grow in the next couple of years.
The ten startups selected for Emerge-X from Telangana are Eyedentify Systems, WeSecureApp (cybersecurity), EasyCommute (AC bus shuttle service), SignalX (business insights), Napanta (crop management), EHNote (electronic health records), Onward Assist (predictive analysis for oncology), Yoryo Technologies (technology platform for transportation and supply chain network), Emmovil Solutions (business intelligence) and NanoHealth (technology platform to manage chronic diseases).