Innovation hub and ecosystem enabler T-Hub, on Monday, January 16, won the “Best Incubator in India” award at the National Startup Awards 2022 on National Startup Day. T-Hub emerged as the winner in the category for its efforts to support the growth of the startup ecosystem in Telangana. The innovation hub was awarded in the presence of Piyush Goyal, Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution & Textiles and Som Prakash, Minister of State for Commerce and Industry.
T-Hub’s contribution to innovation, entrepreneurship and ecosystem development has been recognised at the national level over 55 other participating incubators. T-Hub was recognised for its excellence in aspects, such as funding raised by startups, sector focus, strong market connects, partnerships and overall impact created in the startup ecosystem spanning across 2500+ startups. T-Hub says its startups have raised almost USD 1.9 billion with 3000+ strong market connections and the creation of 12000+ jobs since T-Hub's inception. T-Hub will be receiving support for its business growth, mentorship, funding, partnerships, and market access opportunities.
Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government, said, “Governments typically don't excel in this area, but by studying and meticulously learning from the best practices of others, T-Hub can become a national leader in the field. This is important for the entire country, as it can serve as a blueprint for other organisations to follow and create a more vibrant and successful startup ecosystem in the country. By setting an example of excellence, T-Hub is helping pave the way for a brighter future for entrepreneurs in the country.”
The third edition of the National Startup Awards 2022 recognised outstanding startups and enablers, which have demonstrated exceptional capabilities not only in terms of financial gains, but also for the measurable impact on the society. The National Startup Awards 2022 invited applications across 17 sectors, which were further divided into 50 sub-sectors, and seven special categories.
Srinivas Rao Mahankali, T-Hub CEO, said, “At T-Hub, we are committed to providing the highest standard of excellence and impact, and I am humbled to have played a role in elevating the startup ecosystem. We will continue to drive collaboration between startups and leading innovation ecosystems worldwide and provide unparalleled global market-access opportunities to our startups.”