KCR says T-HUB 2.0 is a role model for India
Telangana Chief Minister K Chandrashekar Rao inaugurated T-HUB 2.0, the largest innovation campus in the world.
HYDERABAD: Telangana Chief Minister K Chandrashekar Rao on Tuesday evening inaugurated T-HUB 2.0, the largest innovation campus in the world. KCR said that he was proud to launch T-HUB 2.0 and said that it was created to produce young entrepreneurs. He said a new India was shaping up from startups.
"When the T-HUB was launched in 2015 to attract talent in the country, it became a role model for the country," KCR said adding that Hyderabad had now grown into a wonderful city in the world. KCR said that Hyderabad was one of the most-sought-after cities in the country to live.
Meanwhile, the officials explained the specialties of the T-HUB Facility Center to him. The Chief Minister honoured the representatives of Unicorn founders and leading start-ups while representatives of the start-up companies took selfies with KCR.
"Today, I can proudly say we have created a world-class entity at T-Hub to promote entrepreneurship and innovation. Our state's startup policy is progressive, it has helped forge fruitful partnerships with both corporates and academia. This is something very uniquely wonderful about our state. Every stakeholder, be it from academia or R&D institutions or corporate, have wholeheartedly come forward to synergise its activities to support innovation and entrepreneurship. We truly embody the "whole of the state approach". Everyone works together and supports each other. Around the fulcrum of T-hub, we promoted sister institutions to support different requirements of an entrepreneur. Today all of these institutions also, namely We-hub, T-Works, TSIC, RICH, and TASK, have become champions in their own right.
"We want Telangana to be known as the start-up state of India. Our state's start-up ecosystem is valued as among the top 10 global ecosystems in affordable talent. It is among the top 15 startup ecosystems across Asia in attracting funds. In 2021, the startup ecosystem of Telangana was valued at USD 4.8 billion. Among cities in India, Hyderabad offers the best standard of living, and we want Hyderabad to be known as the startup capital of India. Our startups are providing valuable collaboration to the main sectors of our economy, namely IT, Life Sciences, Aerospace and Defence, and Automotive including Electric Vehicles. Many of our start-ups have also created products and solutions relevant for social sectors like education, health, agriculture, sanitation, and environment. All this has been made possible due to the very progressive policies in our state like TS-IPass, TSBpass, and Telangana's start up and innovation policy. We have made doing business easier for the start-ups, ensure that they receive mentorship support, get connected with knowledge institutions and corporate's as per their requirements, receive funding support, and most importantly receive automatic job orders from government departments if their product or solution is of relevance to us.
The day is not far away when the next big breakthrough in startup innovation will come from Hyderabad.
Built at a cost of Rs 400 crore, the building was constructed on ten floors covering an area of 5,82,689 square feet. The T-HUB 2.0 can handle over two thousand startups at a time.
The first phase of the T-HUB was built in 2015 on the 70,000-square-foot at IIIT campus in Gachibowli. With the unexpected response to it, the Telangana government has come up with the second phase of the T-HUB and is recognised as the second-largest innovation centre in the world.
The first floor of T-HUB 2.0 has been allotted to CII, AIC T-HUB Foundation, a joint venture between Atal Innovation Mission and the Nitish Aayog. The seventh floor has been allotted to the Center for Excellence in Science and Technology to promote Artificial Learning and Machine Learning. The eighth and ninth floors are dedicated to the Japan International Cooperation Agency (JICA) project as well as community-influenced startups and young entrepreneurs.