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Big plans for T-Hub-II
Encouraged by the unprecedented support from youth in the state, the Telangana government is considering scaling up of the T-Hub facility by five times, according to IT Secretary Jayesh Ranjan.
- Govt identifies 10 acres land at Raidurg
- Innovation fund raised to `600 crore from `100 crore
- The new facility will have 4,000-seater capacity
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Hyderabad: Encouraged by the unprecedented support from youth in the state, the Telangana government is considering scaling up of the T-Hub facility by five times, according to IT Secretary Jayesh Ranjan.
“The government has identified 10 acres of land at Raidurg in financial district, near the present T-Hub, where another huge facility will be built in the next two years,” Ranjan told The Hans India on the sidelines of an event here on Wednesday.
He said that the new building will be five time to the existing one, meaning – about 3.5 lakh sq ft and 4,000-seater facility.
On the innovation fund, Ranjan said that while the government has provided Rs 10 crore, while two financial institutions (not willing to name them) have pooled Rs 20 crore each, taking the total to Rs 50 crore. “I am sure, we will raise Rs 100 crore very shortly and the target for the fund now raised to Rs 600 crore.”
Further, the government is also coming up with a startup policy and it will be released in the last week of December.
Through the policy, the government proposes to encourage the startups by offering exclusivity for product supplies and services to the government departments. “The government will become captive consumer for those products and services offered by the startups stationed in T-Hub. They need not go through the bidding process.”
“We want to make Hyderabad as the gateway for startups in the country,” he said adding that the T-Hub is working with most of the startup facilities across the globe including Silicon Valley, Spain, Hong Kong, Singapore, England etc.
Similarly, the Hyderabad’s T-Hub will extend linkages with Indian facilities for their foreign counterparts. “We are working out partnerships with startup parks across the countries and it will be both the ways.”
T-Hub, the startup incubation centre state government launched recently, is full and bubbling with activity, he said. “One has to visit to believe what I say,” Ranjan quipped looking at the audience at a workshop, which he inaugurated here on Wednesday. The present 800-seater facility is hosting about 130 startups more from sectors like biotech, agritech, clean energy etc, Ranjan reveled.
