Hyderabad: Telangana plans to build India's biggest incubation hub in Hyderabad by the year-end or early next year, the fledgling state’s Information Technology Minister K. Tarakarama Rao announced Wednesday.
The Telangana government is developing the hub in collaboration with International Institute of Information Technology, Hyderabad, the Indian School of Business and the NALSAR University of Law.
T-Hub, as the incubation center is to be known, is coming up at IIIT campus. The facility will be spread over 80,000 square feet and can accommodate 400 start-ups. The first phase will be ready by year-end or January-February next year, Rao said, while claiming it would be India's biggest incubation hub.
The minister said ISB would provide business mentoring, IIIT would provide technology mentoring and NALSAR would help in intellectual property and related areas.
Rao made the announcement while addressing reporters about “The August Fest,” the country's biggest seed fund event.