Telangana to invest Rs. 300 cr on T-Hub phase-II

The second phase of T-Hub, an incubator for start-ups, will be ready by the end of this year with an investment of Rs. 300 crore, according to Jayesh Ranjan, Principal Secretary, IT & Industries, Telangana.

Speaking at the National Startup Conclave, HSX-2019, held at IIIT-Hyderabad campus, on Saturday, he said, “It will be the world’s largest incubation centre.’’ Telangana can boast of having the largest technology incubator in the country, he added.

The government was working on extending significant funding to start-ups and modalities were being explored, the official said.

Referring to an initiative by the State government to procure products from home-grown start-ups, he said over three dozen products and services were procured by various government agencies in the last four years and the number will go up in future.