Hyderbad is fast becoming a magnet for innovation and next-gen business. After global biggies such as Google, Amazon and Uber had announced plans to set up large operations in the state, it is now the turn of Indian companies to come calling.
India’s largest incubation center, T-Hub, will be established in Hyderabad. The facility will be inaugurated on September 7th this month by Chairman Emeritus Ratan Tata.
The first phase of T-hub is spread over 60,000 square feet and will accommodate 800 start-ups. It will be the biggest technology incubation centre in the country. “There is no organized way of government’s push to start-ups and has a very limited role and we plan to address such issues through T-Hub.We are also planning a larger facility in the second phase which will be five times the size of existing facility and will house over 5,000 start-ups. The facility is expected to come up before the World IT Congress in 2018 in Hyderabad.”, said Information and Communications technology minister Jayesh Ranjan.
[A previous version of this article said the facility would be established by Tata Sons. The error is regretted]