According to Telangana’s Information Technology minister K.T. Rama Rao, T-Hub, which is currently India’s largest incubator for startups, located in Hyderabad, Telangana, will soon be expanded and become world’s largest technology incubator.
Speaking at an interactive session of India Economic Summit of World Economic Forum at New Delhi on Thursday, Rao said innovators walked in with an idea and walked out with a product at T-Hub though ideas generally got nipped in the bud.
For the uninitiated, T-Hub is a unique public/private partnership between the government of Telangana, 3 of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders. It stands at the intersection of the start-up, academic, corporate, research and government sectors.
The incubator has a four-point long vision:
1) Attract the best start-ups and entrepreneur organisations from across the world to Hyderabad.
2) Equip innovators and organisations alike with the entrepreneurship skills required to succeed, using methodologies that transcend traditional learning.
3) Educate and promote all entrepreneurship related stakeholders in Hyderabad, including start-ups, investors, incubators and accelerators, research centres, startup resources etc.
4) Work with an extensive network of partners to help entrepreneurs launch and scale innovative companies.
Located at the IIIT-H Campus, T-Hub has a state-of-the-art 70,000 square foot building called CatalysT, the largest building in India to be entirely dedicated to entrepreneurship which helps bring the Indian startup community together.
Commenting on Centre’s ‘Startup India’ initiative, Rao shared that the main aim of an initiative like this was to encourage children in the country to innovate from a young age. It wants the common man to feel encouraged and empowered to come up with solutions for their everyday problems while making sure that money never becomes a factor.
This development was first reported in The Hindu.