In a great news for stakeholders of technology and startups, the second phase of T-Hub is all set for inauguration in Hyderabad on June 28. Spread over 370,000 square feet and designed to house more than 1,500 startups, this will be the world’s largest technology startup incubator. Telangana Chief Minister K. Chandrasekhar Rao will inaugurate the facility, which has come up at Raidurg in Hitec City, the information technology cluster.Also Read – World’s Biggest Gold Coin Weighing 12Kg: Story Of India’s Missing Artefact
Information Technology Minister K. T. Rama Rao on Sunday took to Twitter to announce that the Chief Minister will be inaugurating the new facility. He said this would give a huge fillip to Hyderabad innovation ecosystem. The minister had stated earlier that the state government has invested more than Rs 276 crore on the facility.
Backed by the Telangana government, the facility for innovation and entrepreneurship is expected to give further boost to the startup and innovation culture in this technology hub. The building was originally scheduled to be ready in the second half of 2019 but the work was delayed due to various factors and Covid-19 led to delay of another two years. Also Read – Agnipath Protests: KCR Announces Rs 25 Ex-Gratia For Kin Of Youth Killed In Secunderabad Railway Station
PPP between Telangana govt and 3 premier institutions
T-Hub, the startup catalyst, was established in November 2015. It is a public private partnership between the state government and three premier academic institutes – the International Institute of Information Technology-Hyderabad (IIIT-H), the Indian School of Business (ISB), and the National Academy of Legal Studies and Research (NALSAR) University of Law. India.com