Coworking space provider iSprout has opened its second centre in Hyderabad and is presently in talks with T-Hub to help with its operations. Spread over 94,000 sq ft, the centre has office spaces that range from single workstations, to those that can seat 100. A total seating capacity of 1,800 is available.
The first phase with 450 seats, spread over 23,000 sq ft was inaugurated by Telangana IT Principal Secretary Jayesh Ranjan, who pointed out that Hyderabad had one of the highest demands for co working spaces in the country.
In a statement, the director of iSprout, Sundari Patibandla said, “We are in talks with T-Hub, to provide incentives to the startups, in turn helping us to rent out the workstation at a subsidised price.”
Isprout presently has two facilities; one in Kondapur and one in Vijayawada. The latest outlet has been opened in Hitec city. Presently the rental charge for each seat ranges from Rs 8,000 to Rs 10,000
The co working space provider also plans to expand soon and start operations in cities like Vijayawada, Amaravati, Visakhapatnam, Bangalore and Chennai.
T-Hub is a unique public-private partnership between the government of Telangana, and 3 of India’s academic institutes (IIIT-H, ISB and NALSAR). Anchored in a state-of-the-art 70,000 sq ft building called CatalysT and located at the IIIT-H Campus in Gachibowli, T-Hub has managed to ensure the growth of the state’s startup ecosystem. Facilities at the building are used for co-working spaces, meetings, mentoring, networking sessions and conferences.
After formation of Telangana state, the government has identified defence and aerospace as key sectors and Hyderabad has attracted several new investments over last four years.
T-Hub currently has startups across various technology verticals such as FinTech, HealthTech, EduTech, FoodTech and others.