T-Hub completes five years, celebrates building robust and vibrant innovation ecosystem in Telangana
T-hub celebrated its fifth anniversary on November 5, 2020 and has played a pivotal role in India's innovation and startup ecosystem. It was launched in 2015 with the aim to become a global innovation hub catering to start-ups, corporations and incubators. T-hub's impact can be seen in over 1,100 startups and more than 430 corporations.
Jayesh Ranjan principal secretary, IT & Industries, Telangana, said, “A sizable percentage of this generation is becoming entrepreneurs, and organisations like T-Hub are sowing the seeds early. They are proving to the ecosystem the real potential of starting a business and providing guidance to make it a success. Telangana government appreciates T-Hub for creating a vibrant innovation ecosystem in Telangana which transcends globally.”
T-Hub: Innovation and Key milestones
Ravi Narayan is the CEO of T-Hub and CIO, Telangana and under his leadership, T-Hub is all set to execute its vision for enabling and empowering a global innovation ecosystem involving startups and corporations while collaborating with innovation partners in Telangana and beyond from across the globe. “Innovation is not just an invention but it is the result of rigorous efforts to make it of market value, followed by numerous collaborations, continuous coaching, and networking in the ecosystem.”, Ravi added.
Coming to its international partnerships, cooperations and milestones, T-Hub has formed international connections in the last one year, including the South Korean Government, Japan Investment and Cooperation Agency (JICA) and others, which in turn has helped in creating more than 325 international startup connections.
T-Hub continues to evaluate partnerships with international and national government bodies, research institutes, ecosystem enablers, such as IIT, IIIT, NALSAR, TiE, CII, NASSCOM, HYSEA, DST, MietY, AIM, Startup India, along with the partners from the Telangana innovation network.
Because of this strategic and vibrant innovation ecosystem, T-Hub grew multiple-fold and this can be seen by the rise in the growth of startups from 400 to 2,000 in the last few years in the state.
T-Hub's startup innovation team through its program Lab32, has helped startups such as Chitmonks, Drink Prime and Pulse raise funding. On the other hand, T-Hub's corporate innovation program has touched Indian corporates and MNCs with both innovation and impact. Few of those collaborating MNCs are Boeing, Oppo, and Raytheon Technologies. The benefits of T-Hub’s corporate memberships and partnerships include enabling the startups to collaborate, present Proof of Concept (PoC) work, raise money, or get acquired by larger corporates. More than 350 startups have been supported so far out of which 100 startups from Hyderabad engaged in such programs.
T-Hub: Impact and Recognition in short time
According to the latest Startup Genome Global Startup Ecosystem Report (GSER) , T-Hub has created a impact in a very short time and the report is a reminder of T-Hub's contribution. The GSER report further has a special feature on Telangana, highlighting its growing innovation ecosystem and providing it global exposure as a leading Indian technology destination. Telangana appears in Top 30 Global Ecosystems for affordable talent, whereas Hyderabad has been recognized in the Top 100 Emerging Ecosystems Ranking out of 300 ecosystems (globally) that were evaluated.