T-Hub will nurture entrepreneurial culture for startups: TITA

Welcoming the T-Hub project of the Government of Telangana, Telangana Information Technology Association (TITA) said that the project would nurture the innovation and entrepreneurial culture for startups in the state.

“Hyderabad will soon be the home to a business incubator. Technology Incubators like T-Hub will provide real payback to the start-up community. T-Hub will be one of the best economic development tools a city like Hyderabad can employ.” said TITA President Sundeep Kumar Makthala.

TITA also appreciated Telangana IT Department and IT Minister K. T Rama Rao for efforts made to establish India’s largest Technology Incubator ‘T-Hub Foundation’. The association said that the T-Hub Foundation was an initiative from Government of Telangana came into existence to develop a sustainable ecosystem.

"The whole idea of mentorship support for aspiring entrepreneurs provided with whole ecosystem platform is really a relatively new thing. T-Hub is entirely a unique initiative that there's really nobody in India who's doing to this extent. The initiatives like T-Hub  foundation not only supports startups in their early years, but those new business owners tend to stay in the same community adding jobs as their businesses grow.” said Makthala.

TITA Vice Presdient Ranapratap Bojjam said,“Starting up a new tech business is never easy, with many challenges abound. Now, Telangana Government has simplified the things with such initiatives like T-Hub Foundation providing maximum support for upcoming entrepreneurs till they hit the big time in the market with their product.  It's now up to the youth with fresh minds to turn their winning concepts into functioning businesses.

Tata Sons Chairman Emeritus Ratan Tata and Governor ESL Narasimhan on Thursday inaugurated the first phase of T-Hub, the start-up incubator of Telangana. The incubator, said to be the largest in the country for start-ups, is located at the International Institute for Information Technology (IIIT) at Gachibowli, and offers 70,000 sq feet area with infrastructure to start-ups willing to pay a fee to use the facility. T-Hub aims to attract the best start-ups and entrepreneur organizations from across the world to Hyderabad.