Manish Sisodia said the Delhi government was keen to create the right eco-system for startups.

Delhi Deputy CM visits Hyderabads T-Hub to study startup ecosystem
Atom Startups Wednesday, November 15, 2017 - 21:43

Delhi Deputy Chief Minister Manish Sisodia on Wednesday visited T-Hub as part of his government's efforts to establish a similar facility for start-ups.

The team led by Sisodia was impressed with T-Hub, billed as the country's largest technology incubator.

An initiative of Telangana government, T-Hub has completed two years.

Sisodia, accompanied by cabinet colleague Satyendar Jain and officials, said the Delhi government was keen to create the right eco-system for start-ups.

Earlier, the delegation met Minister for Industries, IT and Urban Development K.T Rama Rao.

Rama Rao explained the various initiatives undertaken by the Telangana government to support the innovation eco-system and skilling of youngsters.

He outlined the experiences of Telangana in building India's largest start-up incubator T-Hub and the state's skilling initiative TASK

TASK-A is a not-for-profit organization created by Government of Telangana to bring in synergy among institutions of Government, Industry and Academia

Rama Rao, son of Chief Minister K. Chandrasekhar Rao, said mutual cooperation among states would benefit the nation as a whole.

He said Hyderabad had 200 start-ups when Telangana was formed and now the number had gone up to 1,800.

T-Hub was set up in a unique public private partnership two years ago in order to develop the startup ecosystem in Hyderabad and make it a startup hub.

Today, T-Hub has had an association with 835 startups, with 117 mentors on board. It has enabled 32 community and 14 international partnerships, has conducted 13 startup-oriented programs and has seen 57 of its startups raise $33.6 million in funding.

The government of Telangana also set up the Research and Innovation Circle of Hyderabad (RICH) in April to connect research institutes, academia and industries with venture capitalists, angel investors and incubation funds.

Institutions including ICRISAT, CRIDA, CCMB, IICT, DRDL, NIPER, NIN, IIT, BITS, IIIT, ISB, UOH and OU, will be guided on how to harness the available talent in Hyderabad and encourage innovation.

(With IANS inputs)          

Become a TNM Member for just Rs 999!
You can also support us with a one-time payment.