T-Hub is a Public – Private Partnership between the Government of Telangana, three of India’s leading academic institutes (The International Institute of Information Technology, Hyderabad, The Indian School of Business, Hyderabad and The National Academy of Legal Studies and Research, Hyderabad) and the private sector. While, T-Hub (Telangana Hub) is India’s largest incubator for startups which is headquartered in Hyderabad, it brings a new fact across India’s mind and has appointed former global Director of Microsoft, Ravi Narayan, as its new CEO, who studied at IIT Madras and did his MBA from University of Southern California.
In April, at the early stage, Jay Krishnan resigned from his position of CEO in T-Hub and was taken up by Srinivas Kollipara. After the advent of this, T-Hub also announced the increase in size would take place that can be more than fourfold under the phase-II project that is wished to be completed around the second half of 2019.
According to a statement marked by Ravi Narayan, “We talk about innovation and ecosystem here and the programs here such as international relations, Corporate innovation have done very well. For me, the next level is bringing all of it together and creating an innovation ecosystem. We don’t have to follow anyone’s footsteps. We have to carve out our own path to create an innovation ecosystem.” As reported on the LinkedIn profile of Ravi Narayan, he co-founded 3 companies in the US between 1992 and 2005 and exited all of them via M&A route. In 2013, Ravi Naryan started working in Microsoft handling startup growth programs that allow startups to co-sell with Microsoft and being responsible the functioning of Microsoft and maintaining its agenda.
As T-Hub rapids the rate of growth and economy, it consumes over 1,100 startups from India and outside that have been incubated at T-hub since then, spreading over 70,000 sq. feet space. While phase-II is on the line, it presumes to come with the build of 3-lakh sq. feet where T-Hub will regain the title of India’s biggest incubator in terms of sq. feet space. This allows the government to hold the key and hence, specifies that the second phase would take the investment of upto 150 crore on the built up area of 3-lakh sq. feet. Launched in 2017, the second phase of T-Hub claimed that post completion of same T-Hub will be the world’s largest incubator for startups. This being still on its run, incorporates its agendas and developmental strategies.
Discussion about this post