NASSCOM partners with T-Hub

Mon 18 Jan 2016, 20:01:15

 In an endeavour to sway the entrepreneurship landscape in Telangana, NASSCOM 10 K Start-up Program in partnership with the Government of Telangana today inaugurated the T-Hub NASSCOM Start-up Warehouse in Hyderabad.

 The event was addressed by  Kalvakuntla Taraka Rama Rao,  IT & Panchayat Raj, Telangana State, along with M. BVR Mohan Reddy, Chairman, NASSCOM and  R. Chandrasekhar, President NASSCOM, Srinivas Kollipara, COO, T-Hub, Jay Krishnan, CEO, T-Hub.

The minister said that Telangana government will announce Startup Policy around second week of the next month. Minister also explained Telangana government thoughts to start course credits for students to encourage entrepreneurship.

The 10,000 Start-ups program has initiated start-up warehouses across different states to create a micro-ecosystem where many start-ups and entrepreneurs can work together and share their experiences with each other. After successfully starting the first start-up warehouse in the country in Bangalore in 2013, followed by warehouse in other cities including Kolkata, Navi Mumbai, Pune, Kochi, and Gurgaon. NASSCOM 10,000 start-up program is now looking to launch this facility in other emerging cities in partnership with their respective Governments. NASSCOM has also expanded its start-up warehouse in Bengaluru to 40,000 sq feet from the existing 10,000 sq feet to keep up with the response it has received from budding entrepreneurs in the state of Karnataka.
According to a NASSCOM report titled ‘Start-up India-Momentous Rise of the Indian Start-up Ecosystem’, Hyderabad is one of the emerging cities. The Telangana Government has been empowering start-ups by focusing on initiatives that strengthen their value propositions including the one of a kind incubation center T-Hub in collaboration with ISB, NALSAR and IIIT, and has also announced $100 Million venture capital fund. T-Hub is proud to have the Nasscom startup warehouse in Catalyst premises and hopes that this strengthens the startup ecosystem further, which has always been the aim of T-Hub.

On the occasion of inauguration, R. Chandrashekhar, President, NASSCOM said, “Hyderabad start-up ecosystem has grown extensively in the last one year. We wanted to back this culture and support these young minds to foster and create tomorrow’s global brands. The new warehouse will be a part of T-hub incubator, which will provide best of the best facilities to entrepreneurs and start-up founders.  NASSCOM is happy to set yet another start-up hub and thank the Telangana Government for their constant support and assistance”.

BVR Mohan Reddy, Chairman, NASSCOM said, “Hyderabad is the one of the hubs for Indian Technology. The city is known to be a center of many technology startups. The startup warehouse in partnership with the Government of Telangana will further provide an affordable co-working space to the young entrepreneurs, taking care of their concerns of building right product in the market & giving them a platform to emerge as stronger players”. A start-up warehouse is an incubator and co-working space for technology start-ups and early stage product companies at a reasonable cost. The co-working space allows early-stage technology start-ups to work for 6-12 months during which it will facilitate demos and pitches by start-ups to investors, large corporate's, other accelerators/incubators and individual mentors. NASSCOM’s 10,000 Startups Program is supported by Google, Microsoft, IBM, AWS and Kotak.

About NASSCOM 10,000 Startups : 10,000 Startups is an ambitious attempt by NASSCOM to scale up the start-up ecosystem in India by 10x. 10,000 Startups aims to enable incubation, funding and support for 10,000 technology startups in India over the next ten years. The program’s vision is to foster entrepreneurship, build entrepreneurial capabilities at scale and strengthen early stage support for tech start-ups. The initiative brings together key stakeholders of the ecosystem including start-up incubators, accelerators, angel investors, venture capitalists, start-up support groups, mentors, and technology corporations. Since its launch in April 2013, we’ve done about 600 events in 25 cities of the country which were attended by a whopping 30,000 attendees and received 11,000 Applicants, 1100 Startups Shortlists, and 150 Impacts. The program is supported by Google for Entrepreneurs, Microsoft Ventures, Amazon Web Services and IBM.

About T-Hub: A unique public/private partnership between the government of Telangana, three of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders, T-Hub aims to be the catalyst in building Hyderabad as a start-up city and Telangana, as a start-up state.
With start-ups, academicians, corporates, researchers and even government sectors, all finding their place within the community, T-Hub aims to not just be a repository of ideas but also be the driving factor behind their successful run.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh
learn quran online easily

Todays Epaper

Latest Urdu News

Which political party will win the Nagarjuna Sagar Assembly by-poll to be held on April 17?