Ratan Tata inaugurates T-Hub in Telangana
Tata sons chairman Emeritus Ratan Tata & Governor ESL Narasimhan inaugurated the first-ever T-Hub, the start-up incubator of Telangana. The incubator is situated at International Institute of Information Technology (IIIT). The T-Hub shall receive mentoring from institutes like ISB, IIT-H, National Law University-Nalsar and other such key institutes.
The National Law University and Indian School of Business are also supporting the incubator. Approximately 140 start-ups are likely to start at the Catalyst facility. A time period of six months shall be given to each start-up, after which they will have to move to make way for the newer ones.
Telangana IT Minister, K T Rama Rao, said “The Government won’t interfere in the functioning of the T-hub and will function independently. It will be a model incubator when the second phase is also completed. The second phase will be set up with another Rs 150 crores and the facility will offer over 3 lakh sq. feet space”.
T-Hub is designed to support technology-related start-ups and the mission of the IT-Hub is to create one of the tightest and most vibrant entrepreneur communities in the world.