Hyderabad-based startup engine T-Hub, since inception in 2015, has incubated 457 startups and more than 60 international startups. Speaking of its progress so far, newly appointed CEO Ravi Narayan said that through various programs over the past three years, T-Hub has impacted more than 1400 startups.
Ravi claims that of the 457 startups incubated so far, 54 startups have now reached a mature stage.
T-Hub, originally a brainchild of former IT Minister KT Rama Rao, was founded in 2015 with the aim of building a startup ecosystem in Hyderabad and putting Telangana on the global startup map. And in an attempt to do the same, Ravi claims that over 800 events took place in T-Hub attracting over 10,000 participating.
Of its programs, the corporate innovation program, where T-Hub connect its startups to large corporate to engage with, work together on solutions and potentially make them a client, will now be a major area of focus, Ravi said. So far, 16 corporate partnerships have been formed through the program and among the 75 startups, which have been through the program, an amount of $64 million has been raised in funding. Ravi also stated that over 3,300 applications have been received so far for its corporate innovation program. And in total, T-Hub startups have raised $80 million in funding so far.
Speaking at the press conference, Ravi also said that T-Hub is now generating revenue through the various services it offers and programs it runs and is ploughing back profits back into the incubator.
T-Hub, which has seen immense demand from startups and at times been criticized for lack of space, is experimenting with two programs to be able to cater to more startups. One is an Alumni program where startups that graduate from its programs can continue to be associated with and receive benefits of T-Hub. The other is a virtual incubation program, where startups will not have to be physically present in T-Hub to avail its services.
Ravi also announced that T-Hub will be moving to its new campus by the end of this year. The phase two of T-Hub will be a 3.6 lakh square feet campus in the Madhapur area of the city and is being touted as one of the largest incubator spaces in the world.
Ravi Narayan was announced as the CEO of T-Hub effective January 2019, after former CEO Jay Krishnan resigned in August.