T-Hub’s grand new chapter in corporate innovation

By Newsmeter Network  Published on  25 Sep 2019 12:23 PM GMT
T-Hub’s grand new chapter in corporate innovation

Hyderabad: The second phase of T-Hub will be home to over 4,000 technopreneurs shortly. After creating history in the Indian start-up space, T-Hub is gearing up to open a new chapter in the global start-up arena. The second phase will be ready by March 2020 and will be the country’s largest incubator. It will pave a new way for the start-up culture and take corporate innovations to the next level of the value chain, forecast IT analysts.

An idea moves from being a concept to commercialisation in three phases. The first phase focuses on transforming business ideas via start-ups. The second will work on sharing the work among ecosystem partners. The third phase will further deepen the technology for start-ups by engaging academic institutions such as IIT-Hyderabad.

The Rs 280-crore-second phase is coming up over three acres at Raidurgam on city outskirts. The nine-storied building will offer about two-lakh sq ft space for start-up innovation activity. The 60-meter high building will be 90-meter long. Telangana IT department has earmarked about three-lakh sq ft for parking space alone.

The new CEO of T-Hub, Ravi Narayan, said that it’d be an epicentre for start-up culture in the country. T-Hub will create an ecosystem for young entrepreneurs and technocrats with innovative business ideas. The officials said that about 6,500 cubic metres foundation works were completed in a record 26 hours. The building will be an earthquake-proof and flood-resistant structure, engineers said.

According to the Telangana IT department, the ground floor will have the main entrance, garden, etc. The first floor will have an incubation facility, large screen to monitor the movements in the building. The second floor accommodates meeting halls, seminar halls for brainstorming sessions. Third and fourth floors will have offices of IT, BPO, KPO, start-ups and services companies. The fifth floor will be dedicated to nature. The greenery, lakes and peaceful atmosphere will be created to support innovative thinking. Floors from sixth to ninth will have support infrastructure, including indoor games, gyms, canteens, food courts, cafeteria, start-up offices, etc.

At T-Hub, over 1,400 start-ups have taken off so far. It has received more than 3,300 applications for a corporate innovation programme. With $85 million investment, about 438 start-ups have been incubated at T-Hub so far.

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