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TS Govt to lay foundation stone for Second phase of T-Hub Today

Governtment

Hyderabad: The second phase of T-Hub would come up at Raidurg on an area of 3 lakh square feet. It would be four times that of first phase and it would accommodate around 4,000 people. The foundation stone for the same would be laid today.

India’s first T-Hub, located on the IIIT-Hyderabad premises in Gachibowli.

T-Hub is a G+5 floors structure with an area of 68,000 squarefeet and is rated as the first government green building in the entire State.

This T-Hub will accommodate 250-400 start-up companies and around 1,000 people. It consists of plush interiors with launch pads (non assigned seats), accelerators and propellers (assigned seats), mezzanines, discussion surfaces, conference and pantry rooms, breakfast zones among others.

T-Hub will help budding entrepreneurs fulfil their dreams. To ensure that talented companies do not lose out due to shortage of funds in the initial stage, a decision was taken to include a corpus fund of Rs 10 crore.

The ISB, IIIT-Hyderabad and NALSAR would provide the budding entrepreneurs in T-Hub with mentorship on business, venture capitalisation, intellectual properties and patent rights among etc. The government was just a facilitator and it would not interfere in the day-to-day activities of T-Hub.

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