HYDERABAD: Terming Telangana as a start-up state, information technology minister KT Rama Rao has said its capital city will be known in the coming years as the start-up capital of India.
He was speaking to the media at T-Hub’s Catalyst building on the IIIT campus at Gachibowli here on Friday.
Announcing that the 70,000-sft energy-efficient building would be inaugurated by governor ESL Narasimhan and veteran industrialist Ratan Tata, Rama Rao said the motto would be ‘Walk in with an idea, walk out with a product’. Admitting that the failure rate of start-up companies was quite high, he claimed that materialisation of a few ideas or concepts would generate employment for several thousands of youth.
In a complete public-private partnership model of incubation, experts from the city’s Indian School of Business will provide the business mentorship whereas technology experts from the Indian Institute of Technology-Hyderabad and the Indian Institute of Information Technology-Hyderabad will meet technology-related intellectual needs of the start-up firms.
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