Largest technology startup incubator all set for opening in Hyderabad

The second phase of T-Hub is all set for inauguration in Hyderabad on June 28. Spread over 370,000 square feet and designed to house more than 1,500 startups, this will be the world’s largest technology startup incubator.

According to the reports, Telangana Chief Minister K. Chandrasekhar Rao will inaugurate the facility, which has come up at Raidurg in Hitec City, the information technology cluster. Backed by the Telangana government, the facility for innovation and entrepreneurship is expected to give a further boost to the startup and innovation culture in this technology hub.

Information Technology Minister K. T. Rama Rao took to Twitter to announce that the Chief Minister will be inaugurating the new facility. He said this would give a huge fillip to Hyderabad’s innovation ecosystem. The minister had stated earlier that the state government has invested more than Rs 276 crore in the facility.

The report further added that the building was originally scheduled to be ready in the second half of 2019 but the work was delayed due to various factors and Covid-19 led to a delay of another two years. The first phase of T-Hub was launched in 2015 at IIT-H. Housed in a 70,000 square feet space called Catalyst within the IIIT-H campus, it transformed into the largest and the best technology incubator in the country. The facility rents out office and meeting space, and offers services such as connections with mentors and investors, to startup companies. It hosts entrepreneurs, venture capitalists, investors, mentors, and advisors. Several people from top academic institutes have taken the mentor’s role.

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