T-Hub taken to stage two
Posted on 26 November, 2015 by Mark Chatterley, reporter
The government of Telangana State in India is already planning the second phase of the recently opened Indian entrepreneur community T-Hub.
Kalvakuntla Taraka Rama Rao, cabinet minister for Panchayat raj and IT in the Telangana State government in India, is considering the second phase of the recently launched entrepreneur community T-Hub, according to the Business Standard.
T-Hub, based in Hyderabad, was inaugurated by Ekkadu Srinivasan Lakshmi Narasimhan, governor of Telangana and Andhra Pradesh, on November 5 2015.
T-Hub is a joint venture between the government of Telangana and three academic institutions in the country, namely Indian School of Business, Nalsar University of Law and International Institute of Information Technology, Hyderabad.
The hub currently supports technology startups through its network of partners to help the companies launch and scale as needed. It connects the startups with each other, investors, incubators and accelerators to provide them with any support needed.
The second phase of T-Hub is expected to be operational within three years and includes the creation of a 300,000 square feet incubation space near Hitec City.
According to Rao, the second stage of T-Hub would involve an investment of Rs 1.5bn ($22.7m).
Rao said: "While the Telangana government has invested Rs 400m in T-Hub's first phase, we are planning to reach out to the centre to extend financial support for phase two."
See more from this Government Report: India
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