Telangana innovation hubs aiding entrepreneurs in Covid times
The State is building a funding desk at T-Hub that is working to help curated startups apply for grants and pitch with selected investors for funding.
Hyderabad: Pandemic has had a significant impact on startups. In this year of uncertainty most startups had to relook at their strategy. Many also saw this as an opportunity and geared up for the Covid pandemic by building solutions towards this end. T-Hub evolved and developed programmes for the new normal, as it continued to engage and support startups navigate through this challenging time.
The State is building a funding desk at T-Hub that is working to help curated startups apply for grants and pitch with selected investors for funding. T-Hub has established the Soonicorn Club, an initiative to recognise and support Soonicorns and Minicorns from the local ecosystem to help them achieve their business objectives. Efforts are underway to create a fund to invest into seed and early-stage startups.
T-Hub has taken lead to work with the government, TSIC, and other ecosystem partners to provide incentives to Telangana startups under the Telangana Innovation Policy. About 28 startups have been given incentives.
This year, TS will inaugurate the new premises of T-Hub and also of the prototyping facility T-Works this year. It will also work to take IT to tier II cities this year.
TSIC backing
While officials of 30 government departments have been sensitised on startup ecosystem of Telangana and India, over 200 district officials have been sensitised on District Innovation Ecosystem by the Telangana State Innovation Cell (TSIC).
The TSIC has launched State Startup Portal for the entire startup ecosystem to facilitate engagement and act as a central place for knowledge dissemination about state support.
Over Rs 90 lakh worth incentives have been sanctioned to 73 applications from 28 unique startups. About 59 unique startups have pitched their solutions & value propositions to 12 State Government Departments. And 125 startups have been mentored during the pandemic through Rejig-HydStartups programme led by city’s incubation ecosystem
T-Works driving innovation
T-Works, India’s largest upcoming prototyping centre with a vision to create a culture of hobbyists, makers, and innovators in India, is creating a 78,000 square-foot, state-of-the-art prototyping facility equipped with over 250 industrial-grade equipment to enable Micro, Small & Medium Enterprises (MSMEs), startups and individual innovators to convert their ideas into products rapidly and efficiently.
T-Works became instrumental in locally manufacturable ventilator in March 2020, in collaboration with several startups, MSMEs, and corporates. The first version was developed in 32 days using in-house prototyping equipment including 3D printers and laser cutters. The team has since been working with medical professionals and manufacturing partners to further develop and deploy the ventilator.
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