Saturday, Apr 20 2024 | Time 13:59 Hrs(IST)
image
Business EconomyPosted at: Jun 8 2019 6:23PM


IInd phase of T-Hub will be ready by end of 2019: Ranjan

Hyderabad, Jun 8 (UNI) The second Phase of T-Hub which will be the largest Incubator in the world will be ready by the end of this year, Telangana Government Principal Secretary Jayesh Ranjan said here on Saturday.

The IInd phase T-Hub which will be five times larger than existing T-Hub, will be ready to be opened by the end of this year and the state government is investing five times what it spent in the T-Hub which is around Rs 300 crore, Mr Ranjan said at the HSX-2019 , a National Startup Conclave held at IIIT Hyderabad.

The Conclave was jointly organised by Headstart, IIIT-Hyderabad, T-Hub and Telangana State Innovative Cell and others.

Telangana government is contemplating to set up a fund to help Startups. Funding is one of the criteria, the Union Government looks into while ranking startups on Startup Ecosystem, the Principal Secretary aid.

We will support only homegrown startups, he said and asked the Startups from across India to set up their base in Hyderabad and avail the benefits that being offered by the Telangana government, he said.

We built an excellent infrastructure and ecosystem and we are one of the best in the country, Mr Ranjan said we are the Startup Capital of the country.

Highlighting various initiatives of the state government to help startups, he said “T-Bridge”, initiative connects India’s start-up ecosystem with the world. It gives startups global exposure. This platform is crafted with the support of partners in various Geographies.

Currently, 100 local startups helped in getting international exposure. We are working on adding more and more bridging partners, Mr Ranjan stated.

He also talked about Telangana Government ’s initiative to procure products from homegrown Startups.

In the last four years, well over three dozen are products and services procured by various agencies of the state government. More such products and services are under our evaluation. Right now we are evaluating 15 to 20 products and services for procurement by government, he informed.

Hyderabad is the home to nearly 40 plus Research Labs of National, and International reputation and also adds up to the overall startup system ecosystem, which not many cities in the country can boast, he shared at the conclave.
MORE UNI KNR CS 1822
Please log in to get detailed story.
Tags: #IInd phase of T-Hub will be ready by end of 2019: Ranjan
More News

IREDA nets all-time high at Rs 1,252 23 cr in FY24

19 Apr 2024 | 8:38 PM

New Delhi, April 19 (UNI) Indian Renewable Energy Development Agency Ltd. (IREDA), the nation's largest pure-play green financing NBFC, Friday announced an all-time high net profit of Rs. 1,252.23 crore in 2023-24, a 44.83 per cent jump over the previous fiscal year 2022-23.

see more..

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
image