The transformation of Hyderabad into a thriving startup hub is the result of a deliberate vision backed by strategic initiatives. Leadership of KT Rama Rao is at the heart of the evolution. Minister for IT and Industries laid out a compelling case related to the efforts of Hyderabad in becoming a center for innovation and entrepreneurship at the ISBACON-2024.
Rama Rao called creation of T-Hub as his brainchild that is a symbol of ambition for the city to become a leader in the global startup ecosystem. T-Hub has since expanded its reach and now supports more than 5,000 startups through its ecosystem that includes T-Works and Image Towers.
The growth story of Hyderabad had a modest startup in 2014 with a count of just 200 startups. The number today has skyrocketed to more than 5,000. The explosive growth is about quantity and also about strengthening innovation to create real impact. Hyderabad startups are playing a major role in India’s first indigenous satellite launch and this is a milestone.
The initiatives like WE-Hub and TASK supports women entrepreneurs and nurtures rural youth respectively. It reflects the commitment of Rao to inclusive growth. It is an approach that recognizes talent from every corner of society and ensures opportunities for everyone.
The recognition of T-Hub by industry stalwarts like Ratan Tata is well-earned. Rama Rao rightly pointed out that the next frontier is expanding the ecosystem into Tier-2 and Tier-3 cities. The strategy could democratize innovation and unlock untapped potential across Telangana. It is to position Hyderabad and the entire state as a leading player on the global startup stage.
The vision of KT Rama Rao is about creating more startups and also about strengthening a culture of innovation that empowers young talent, generates employment as well as contributes to India’s economic growth.
