The first T-Hub, the start-up incubator of Telangana has been inaugurated by Tata Sons Chairman Emeritus Ratan Tata and Governor ESL Narasimhan.
The incubator, the largest in the country for start-ups, is located at the International Institute for Information Technology (IIIT) at Gachibowli, and offers 70,000 sq feet area with infrastructure to start-ups willing to pay a fee to use the facility.
The T-Hub is a unique public-private partnership between the government of Telangana, three academic institutes-IIIT-H, ISB and National Law University, Nalsar- and key private sector leaders.
The Indian School of Business and National Law University are also mentoring the incubator.
At least 140 start-ups are expected to start at the Catalyst facility and will get a minimum of six months times to establish themselves after which they will move out to allow freshers to come in.
“The Government wont interfere in the functioning of the T-hub and will function independently. It will be a model incubator when the second phase is also completed. The second phase will be set up with another Rs 150 crores and the facility will offer over 3 lakh sq feet space,” said Telangana IT Minister K T Rama Rao.
T-Hub is designed to support technology-related start-ups, and its mission is to catalyse the creation of one of the tightest and most vibrant entrepreneur communities in the world in order to encourage and fuel more start-up success stories in India.
T-Hub hopes to attract the best start-ups and entrepreneur organizations from across the world to Hyderabad.
“We are anchoring the entire Telangana start-up ecosystem with India’s largest building dedicated entirely to entrepreneurs, a state-of-the-art 70,000 square foot building called Catalyst. T-Hub’s vision and execution capabilities, coupled with industry and academia support will drive economic and social prosperity through entrepreneurship, and make T-Hub a vital node in the network of global innovation hubs. Together, we will fuel Hyderabad’s rise to become one of the top tech start-up cities in the world,’’ said Rao.
“Located on the IIIT-H Campus, the sprawling world-class building will bring the Hyderabad start-up community together by providing a platform for entrepreneurs, mentors, investors and academia to interact and collaborate. By connecting start-ups to top mentors, investors, organizations and academia, T-Hub will help every entrepreneur realize their dream,” he added further.