Hyderabad-based startup incubator T-Hub has kicked off the first cohort of its flagship incubation program Lab 32 on Wednesday in Hyderabad. The incubator inducted 70 startups as part of its first cohort.
Starting May 9, these hand-picked startups will go through a six-month long program, which will involve tailor-made mentorship program with a set of playbooks meant to guide startups and help them through each aspect of their business.
The playbooks also ensure each startup improve specific metrics of their business such as revenue, funding, clientele, etc and help them see a considerable improvement by the end of the program.
The playbooks also cover other aspects such as marketing and branding, company structuring, accounting, sales discipline, sales strategies, etc.
T-Hub will be directly involved in helping startups out. Each startup will be allocated a ‘buddy’, who will be accessible to startups at all times. Ten startup buddies have been appointed by T-Hub. There will also be mentors made available to help solve specific business segment problems along with some advisors who will be brought in through the program.
The cohort, which will be from May to October will cover aspects such as customers acquisition, unit economics, identifying different revenue streams, hiring strategy, personal branding, product management, design thinking, fund raising best practices, pitch clinic and more.
At the end of the first cohort, a startup can decide to either graduate or stay back for next cohort. Startups will then be measured based on their metrics, which will then put them in the second cohort, which will be from October to March.
Nearly 400 startups applied for the cohort but only 70 made it to the first cohort. However, for startups who didn’t make it to the first cohort can apply again for the next cohort, which will start in October.