Telangana’s Information Technology and Panchayat Raj Minister K.T. Rama Rao on Friday set in motion the development of the country’s largest start-up incubation centre ‘T Hub’ at the International Institute of Information Technology (IIIT), Gachibowli.
The 60,000 square feet, five-floor building is part of the first phase of the government’s ‘T Hub’ initiative, and is expected to become operational by June this year. When fully functional, it can host 400 start-ups and is expected to generate employment for 3,000 people by the end of 2017. Mr. Rama Rao laid the foundation stone for the building, which was conceptualised by W Design Studio.
Speaking about ‘T Hub’, the Minister said it would nurture entrepreneurs who in today’s world are the biggest employment generators. “T Hub will also serve as an incubator of incubators. Our target is also to have at least 10 incubators by the end of 2017,” he said.
He further described its working through three facilities. An idea would find assistance in the ‘launch-pad’ component of ‘T Hub’ while those which have been prototyped will be aided by the ‘accelerator’. Finally, start-ups which have the product in hand, can seek assistance with marketing through the ‘propeller’ facility. This will allow entrepreneurs in any stage of an idea’s lifecycle to avail its facilities.
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