Rama Krishna Sangem
Telangana Chief Minister K Chandrasekhar Rao (KCR) on June 28, Tuesday said that Hyderabad will soon become the startups capital of India. He formally declared inaugurated the second phase of T-Hub 2.0 in the city and spoke on the occasion. “Startups are going to lead the industrial revolution all over the world and I am happy that T-Hub, a center of innovation would be major destination for entrepreneurs from all over the world,” said the CM.
The opening of T Hub 2.0 was a grand gala occasion for the IT department of Telangana government. Led by IT minister KT Rama Rao (KTR), the officials have conducted a massive function right from 10 am to 6 pm, when the CM opened the incubation hub. After that, the guests were treated with a gala dinner. A galaxy of entrepreneurs mostly from IT and software fields turned up for the meet.
CM KCR who read out a prepared text said that Hyderabad is a wonderful city not only for India, but for the entire world, thus signalling the aspirations of KTR who always maintains that the capital of Telangana would soon become one of the top cities in the world. Expansion of infrastructure and proactive government are contributing to the growth of IT sector since 2014.
CM KCR, at the same time, asked the officials especially his son and IT minister KTR to improve infrastructure facilities around the IT concentrated areas in the west of Hyderabad city. The CM also told the officials to focus on the poor quality of college pass outs and tone up the pro-business policies. “Leading IT industrialists BVR Mohan Reddy recently told me that the academic standards of software professionals from our colleges is not good,” said KCR.
The second phase of T Hub, spread over 3.14 acres and with a capacity to accommodate around 2,000 startups at a time, this modern 11 floored building is tipped to be the world’s largest innovation center. This extension of the T Hub, which came up on an built up area of 5,82,000 sq ft and a carpet area of 3,62,000 sq ft is the home for global entrepreneurs working in innovation areas like artificial intelligence, cloud computing, robotics, and machine learning etc,
KCR in his brief speech recalled how he had decided to encourage innovation and and entrepreneurship in Telangana and commenced T Hub first phase in 2015. “We want Telangana to be known as the startup state of India. Our state’s startup ecosystem is valued as among the top 10 global ecosystems in affordable talent. It is among the top 15 startup ecosystems across Asia in attracting funds,” said the CM.
“Today, I can proudly say we have created a world-class entity at T-Hub to promote entrepreneurship and innovation. Our state’s startup policy is progressive, it has helped forge fruitful partnerships with both corporates and academia. This is something very uniquely wonderful about our state. Every stakeholder, be it from academia or R&D institutions or corporate, have wholeheartedly come forward to synergise its activities,” said CM KCR.
to support innovation and entrepreneurship. We truly embody the “whole of the state approach“. Everyone works together and supports each other. Around the fulcrum of T-hub, we promoted sister institutions to support different requirements of an entrepreneur. Today all of these institutions also, namely We-hub, T-Works, TSIC, RICH, and TASK, have become champions in their own right.
T-Hub was founded to bring in the best talent from across the country to nurture a startup ecosystem. T-Hub has now become a national role model. It has impacted over 2000 entrepreneurs and seen 1.19 billion US dollars raised in funding by T-Hub startups. It has facilitated connections with venture capitalists and angel investors, establishing a brand name synonymous with innovation.
The Phase 1 of T-Hub showed us that there is a huge appetite for entrepreneurship among the youth in India. We felt we must capitalize on this appetite. That we must provide them with best support from the startup stakeholders and give them a space for high-quality incubation and acceleration. Three years ago, our government decided to invest in the 2nd phase of T-Hub. This new facility is five times bigger.
“Our aim is to incubate the next generation of startups that would one day be strong pillars for our Indian economy. We hope that through T-Hub these startups can strengthen their entrepreneurial spirit and bring global recognition to our state and the country with their accomplishments”.
We want Telangana to be known as the start-up state of India. Our state’s start-up ecosystem is valued as among the top 10 global ecosystems in affordable talent. It is among the top 15 startup ecosystems across Asia in attracting funds. In 2021, the startup ecosystem of Telangana was valued at USD 4.8 billion. Among cities in India, Hyderabad offers the best standard of living, and we want Hyderabad to be known as the startup capital of India, said CM KCR.
“Our startups are providing valuable collaboration to the main sectors of our economy, namely IT, Life Sciences, Aerospace and Defence, and Automotive including Electric Vehicles. Many of our start-ups have also created products and solutions relevant for social sectors like education, health, agriculture, sanitation, and environment. All this has been made possible due to the very progressive policies in our state like TS-IPass, TSBpass, and Telangana‘s start up and innovation policy, said the CM.
“We have made doing business easier for the start-ups, ensure that they receive mentorship support, get connected with knowledge institutions and corporate‘s as per their requirements, receive funding support, and most importantly receive automatic job orders from government departments if their product or solution is of relevance to us,: said KCR.