T-Hub, which is powered by the Government of Telangana, has announced almost 45 startups for its second round of incubation programme named Lab32.
“The second batch maintains a high quality as there are great minds behind each team who have the potential to create a digital economy in India based on innovation. We witnessed several startups from the first batch who scaled up exponentially through our programme. We are excited to explore values of this tailor-made incubation programme to accelerate growth of startup community in India,” Ravi Narayan, CEO of T-Hub said in a statement.
The startups have been shortlisted after screening more than 500 applications from across India, Narayan said.
The selected startups span across several sectors such as healthtech, fintech, smart mobility, sustainability, social impact, and so on.
Looking at their business model, 34 of these startups follow B2B and the remaining 11 follow B2C. Some of the selected startups are 23.4 Degrees Education, Acuwin Solutions, and AEye SoftLabs, among others.
The prime aim of T-Hub is to empower next-generation products and new business models, carried out by the emerging startups.
Formed in 2015, the innovation ecosystem and startup motivator T-Hub, has provided over 1100+ national and international startups with access to better technology, talent, mentors, customers, corporates, investors, and government agencies.
While, incubation programme Lab32, organised by T-Hub, is a six month long program, tailor-made for early-stage tech product startups.
It provides guidance of immense value to the startups, supported by an outstanding community of top-notch corporates, mentors, partners and investors.
Also, it provides several opportunities to network with renowned industrialists with regular interventions and networking sessions.
Moreover, T-Hub provides corporate and investor connect sessions wherein the startups get to pitch to potential investors.
Adding on, there is an incubation fee of Rs 20,000 per month which includes all the benefits that we provide to the startups with two fixed seats at the T-Hub facility for the duration of the program.