T-Hub on Thursday called for applications to the fifth batch of its flagship pre-acceleration program, Lab32. It comes after the successful closure of its third and fourth batch of 41 and 13 startups, respectively. Startups across India have been a part of this program and have raised Rs 100 crore over the past 12 months.
The fifth batch of Lab32 will commence on March 15, 2021 with selected startups that bring in cutting-edge solutions for industries, such as health-tech, fintech, smart mobility, sustainability and edtech, among others. Thirty to thirty-five startups will be shortlisted from applications after a focused and extensive screening process. Interested startups can apply here or email lab32@t-hub.co. Applications close on March 6, 2021.
The program will continue with its hybrid model launched last year owing to the pandemic. It will enable more entrepreneurs across India to participate in the program without the need for a physical presence in Hyderabad. Lab32’s modules will focus on helping the startups build better versions of products or discover and tap into market opportunities. This batch is looking to enable startups from tier 2 and 3 cities to position themselves for growth.
Ravi Narayan, CEO of T-Hub and Chief Innovation Officer of Telangana, said, “Lab32 is an exciting journey for T-Hub that has allowed the startups to push their growth boundaries and continue the innovation journey with their ventures. Startups in major sectors like healthcare, education, and smart mobility, among others,have benefited from Lab32 so far. The recent success of startups from the previous batch has inspired us further to continue the virtual pre-acceleration program. The fifth batch will focus on identifying startups that are most capable of accelerating India’s innovation quotient at a global level.”
The program will conclude by assessing the progress made by the startups in achieving their respective business goals. Post the cohort, the participants will be supported by the Community Team of T-Hub for three months.