T-Hub, being billed by the Telangana Government as the country's largest start-up incubator, will be officially launched today.
Governor of Telangana state E S L Narasimhan and Tata Sons Chairman Emeritus Ratan Tata will inaugurate and officially launch the first phase of the T-Hub, an initiative of Telangana government, today.
This one-of-its-kind startup incubator in the country, is housed in state-of-the-art 70,000 square foot building called CatalysT and will be entirely dedicated to entrepreneurship.
The CatalysT building does not house start-ups that have more than 14 people each. Any start-up that has more than 14 people probably will not need to be part of the building as it already grown to a certain size.
The startups will be charged Rs 5,000 per month for a seat and up to Rs 50,000 per month for a cabin.
Typically, the startups are likely to spend around six months at T-Hub.
T-Hub is a public-private-partnership (PPP) between the Government of Telangana and three premier academic institutes - IIIT-Hyderabad, Indian School of Business and National Academy of Legal Studies and Research.
Telangana IT Minister K T Rama Rao had earlier said the second phase of the T-Hub with 3,00,000 sq ft area that is expected to come up in the next three years would need at least Rs 150 crore.
The state government has put in Rs 40 crore on the 70,000 sq ft facility constructed on the IIT-H campus.
The official said the centre has already 120 startups and organisations signed up to occupy seats and cabins and another 200 are in the pipeline.
The building has co-working spaces and individual cabins that can seat up to 14 people. There are in all 20 such cabins - four per floor across the five floor building.
According to Jay Krishnan, CEO of T-Hub, about 150 technology-based startups, have already been shortlisted and will be moving in to the building from 9-15 November. Some of these are involved in e-commerce, cloud, analytics, while there are product and health technology companies also, Krishnan said
For the infrastructure, the five floor building has a capacity for 800 seats and these 150 odd start-ups with bring in around 450 people.
The state government is also in discussions with (Massachusetts Institute of Technology) MIT Media Labs and University of Texas (Huston) for seeking their support for the T-Hub.
Governor of Telangana state E S L Narasimhan and Tata Sons Chairman Emeritus Ratan Tata will inaugurate and officially launch the first phase of the T-Hub, an initiative of Telangana government, today.
This one-of-its-kind startup incubator in the country, is housed in state-of-the-art 70,000 square foot building called CatalysT and will be entirely dedicated to entrepreneurship.
The CatalysT building does not house start-ups that have more than 14 people each. Any start-up that has more than 14 people probably will not need to be part of the building as it already grown to a certain size.
The startups will be charged Rs 5,000 per month for a seat and up to Rs 50,000 per month for a cabin.
Typically, the startups are likely to spend around six months at T-Hub.
T-Hub is a public-private-partnership (PPP) between the Government of Telangana and three premier academic institutes - IIIT-Hyderabad, Indian School of Business and National Academy of Legal Studies and Research.
Telangana IT Minister K T Rama Rao had earlier said the second phase of the T-Hub with 3,00,000 sq ft area that is expected to come up in the next three years would need at least Rs 150 crore.
The state government has put in Rs 40 crore on the 70,000 sq ft facility constructed on the IIT-H campus.
The official said the centre has already 120 startups and organisations signed up to occupy seats and cabins and another 200 are in the pipeline.
The building has co-working spaces and individual cabins that can seat up to 14 people. There are in all 20 such cabins - four per floor across the five floor building.
According to Jay Krishnan, CEO of T-Hub, about 150 technology-based startups, have already been shortlisted and will be moving in to the building from 9-15 November. Some of these are involved in e-commerce, cloud, analytics, while there are product and health technology companies also, Krishnan said
For the infrastructure, the five floor building has a capacity for 800 seats and these 150 odd start-ups with bring in around 450 people.
The state government is also in discussions with (Massachusetts Institute of Technology) MIT Media Labs and University of Texas (Huston) for seeking their support for the T-Hub.
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