India to inaugurate the largest tech startup incubator in the world

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The second phase of the world’s largest technology startup incubator ‘T-Hub’ is expected to the inaugurated in Hyderabad, India, spanning 370,000 square feet and housing more than 1,500 startups.

According to sources, K. Chandrasekhar Rao, the CM of Telangana, will be inaugurating this new facility, which will be situated at Raidurg in Hitec City.

Supported by the government of Telangana, the facility for entrepreneurship and innovation is estimated to boost the startups and innovation centers further in this technology hub.

Confirming the move, K. T. Rama Rao, Information Technology Minister of Telangana, recently Twitted that the Chief Minister would inaugurate this new facility which would offer a huge impetus to the Hyderabad innovation ecosystem.

Earlier, the minister had stated that the government has invested around Rs 276 crore (USD 35 million) in the facility.

Originally, the facility was scheduled to be ready in the second half of 2019, but due to COVID-19 and several other factors, it got delayed by another two years.

T-Hub was founded in November 2015 and is a public-private partnership between the state government and three top academic institutes, namely the ISB (Indian School of Business), the IIIT-H (International Institute of Information Technology-Hyderabad), and the NALSAR (National Academy of Legal Studies and Research) University of Law.

The 1st phase of T-Hub was located on a 70,000 sq. ft of space known as Catalyst within the IIIT-H campus which later became as one of the largest and best technology incubators in the country.

The facility rents meeting spaces and offices and provides services like connections with investors and mentors for supporting companies. It hosts entrepreneurs, investors, mentors, advisors, and venture capitalists. In addition, several people from top academic institutes are also said to be taking the role of mentors.

Source Credit - https://www.bgr.in/news/worlds-largest-technology-startup-incubator-all-set-to-open-in-hyderabad-1289707/