Hyderabad: The first-of-its-kind women-only incubator We-Hub that was formally launched on March 8, 2018 is all set to move into its physical space by October of this year even as it incubates its first cohort of 24 startups. The incubator dedicated to women-led startups has selected these 24 startups from the 296 applications that it has received and 72 pitches that have been made.
The physical space of the incubator will be set up in TSAT office in Jubilee Hills and the design and drawings of the space is almost ready. Other than catering to the incubated startups, the 50-seater space will also be open to single women entrepreneurs who wish to book seat on a monthly basis and conduct meetings. With a diverse batch of startups ranging from agri-tech, biotech, AR/VR, food, lifestyle and wellness, deeptech, fintech and social enterprises, We-Hub aims to be the one-stop place for all women-led entrepreneurs from not only Telangana but from India.
Other than the cohort, We-Hub has also forged partnerships with large institutions like IIT-Hyderabad, ISB, CCMB, IIIT-Hyderabad, BitsPilani and T-Hub and service partnerships to provide technical, legal and accounting assistance to the startups.
“The 24 startups have been selected after long sessions of personalised pitches and many one-on-one interactions. We have diverse range of entrepreneurs in not only sectors but also age-wise. From a 15-year-old young entrepreneur to middle-aged women we have entrepreneurs from different age groups. We believe that age, investment or qualification should never be constrain to become an entrepreneur that is why we have entrepreneurs from cities like Jaipur, Warangal and many more,” said Deepthi Ravula, CEO, We-Hub.
While these 24 startups will be incubated with We-Hub for the next one year, Ravula is confident that there will always be deep bonding between the incubator and entrepreneur even as they strive to achieve greater success. Going ahead, the incubator plans to start accelerator programme for the startups and will start working on the next batch as and when this batch completes their tenure.