Tech startup incubator and innovation ecosystem enabler T-Hub’s second phase, a 3.70 lakh sqft, swanky, multi-storey structure in the heart of Hyderabad’s IT hub that is set to be inaugurated on Tuesday by Chief Minister K.Chandrasekhar Rao, will accommodate thousands of startups, various eco-system partners and provide space free of cost to venture capital firms.
An initiative of Telangana government entailing ₹400-crore investment, T-Hub 2.0 will be the world’s largest innovation campus and has been conceived amid a growing demand for space from startups. It seeks to consolidate gains that the first phase — a 70,000 sqft facility that opened in 2015 at IIIT-Hyderabad — made through sharpening of focus.
Five times bigger, the second phase can accommodate as many as 4,000 startups, as against the 800 possible at the existing facility, IT and Industries Secretary Jayesh Ranjan said on Monday. With funding crucial for startups to take their products and services to the next level, it has been decided to offer space free of cost to venture capital (VC) firms, he said, expecting the move to result in VCs enhancing their engagement with Hyderabad.
