Hyderabad: Telangana Chief Minister K Chandrasekhar Rao, on June 28, will be inaugurating the new facility of the T-Hub at Raidurgam, Gachibowli. It is said to be the world’s largest incubation centre.
The first phase of the incubation programme began at IIT Hyderabad in 2015.
The new facility is built up in an area covering 3.5 lakh sqft space and it is expected to be India’s largest prototyping facility. It is built at a cost of about Rs 276 crore. The building will house more than 1,500 startups.
The programme runs on a public-private partnership between the Telangana government and three premier academic institutes – the International Institute of Information Technology-Hyderabad (IIIT-H), the Indian School of Business (ISB), and the National Academy of Legal Studies and Research (NALSAR) the University of Law.
The T-Hub has so far helped more than 1,120 startups garner about Rs 1,800 crore investment, besides providing employment to over 2,500 people in Hyderabad, according to the state government It rents out office and meeting space, and offers services such as connections with mentors and investors, to startup companies in the technology sector.
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