T-Hub: Transforming India’s Innovation Landscape

Initiatives Innovations

Posted by pallavi on 2024-10-01 07:15:56 |

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T-Hub: Empowering India's Innovation Ecosystem

In 2022, T-Hub celebrated seven successful years dedicated to strengthening India’s innovation ecosystem. Over these years, T-Hub has focused on creating a cohesive environment that fosters entrepreneurship and innovation. It has designed and delivered more than 100 innovation programs, helping 2,000 startups scale both nationally and globally while connecting them with influential stakeholders in the ecosystem.

T-Hub’s corporate innovation initiatives have successfully executed over 50 scaling interventions, approximately 150 corporate interactions with startups, and 60 corporate innovation programs, curating innovative startups across 50 countries. The organization maintains partnerships with over 600 national and international corporates and has facilitated 2,000 mentor connections.

In addition to supporting startups, T-Hub has collaborated with academic institutions to integrate innovation and entrepreneurial approaches into their curricula. The new leadership aims to develop strategic programs that drive innovation for outcome-driven results and support other ecosystem enablers—such as TSIC, T-Works, WE Hub, RICH, and TASK—by sharing knowledge and resources.

T-Hub 2.0

T-Hub has launched its new innovation campus, T-Hub 2.0, which is the largest technology incubator in the world, spanning 582,689 sq. ft. The facility is designed as a microcosm of the innovation ecosystem, housing startups, corporates, investors, and academia, along with national and international ecosystem enablers. The campus features an effective carpet area of 350,000 sq. ft, accommodating operations across six floors (Ground + 5) with 1,000 seats for startups.

The sixth floor is dedicated to the Confederation of Indian Industry (CII) and the AIC T-Hub Foundation, a partnership with the Atal Innovation Mission (AIM) under NITI Aayog. The seventh floor will house the Department of Science and Technology’s (DST) Centre of Excellence, focused on promoting artificial intelligence (AI) and machine learning (ML). The eighth and ninth floors are planned for the Japan International Cooperation Agency (JICA) project, supporting social impact startups and young entrepreneurs (Y-Hub).

T-Hub aims to impact at least 20,000 startups through various program interventions over the next five years. The new phase will emphasize internationalization and capacity building, with partnerships established with countries like Bangladesh and Uzbekistan. The facility will also feature international partners from Japan, Korea, Dubai, and other regions.

T-Hub is committed to empowering the startup ecosystem and supporting entrepreneurs by providing access to the 6Ms: Mentors, Market, Motivation, Manpower, Money, and Methodologies, as well as 2Ps: Partnership and Policy advisory.

Startup Scaling Programs

T-Hub has institutionalized innovation programs for startups and young entrepreneurs, contributing to a robust innovation ecosystem. The number of regional startups has surged from 400 in 2016 to around 2,000 in 2022. Startups such as Zenoti, MyGate, WhistleDrive, Outplay, DrinkPrime, and AdOnMo have collectively raised over ₹2,000 crore in funding by 2022.

- Lab32: This flagship program targets seed-accelerator stage startups, focusing on enabling self-sustainability and growth.

- RubriX: Launched in 2021, RubriX supports early-stage technology startups with ready prototypes in hardware and software, helping them reach the Minimum Viable Product (MVP) stage faster and more cost-effectively.

Corporate Engagements

T-Hub has evolved from prototyping initiatives to developing institutionalized programs that support the innovation journeys of over 600 corporates, including Facebook, Uber, HCL, Boeing, Microsoft, and Qualcomm, through more than 60 corporate innovation programs.

Funding Initiatives

- T-Angel: This 90-day accelerator program prepares startups for investment through engaged mentoring while connecting high-net-worth individuals (HNIs), angel investors, and startup enthusiasts to angel investment opportunities.

- Digital India Scaleup Program: Supported by T-Hub and the Ministry of Electronics and Information Technology (MeitY), this program helps hardware and IoT startups acquire customers, access state government incentives, attract investors, expand globally, and successfully launch new products.

- T-Fund: Under the State Innovation Policy, T-Fund has been established by the Telangana Government to support early-stage technology startups. T-Hub serves as the investment manager for this fund, with an allocation of ₹15 crore in the 2021-22 budget.

- Startup Seed Fund India: Selected by the Department for Promotion of Industry and Internal Trade (DPIIT), T-Hub is responsible for disbursing ₹5 crore among eligible startups to support early-stage funding for proof of concept, prototype development, product trials, market entry, and commercialization.

International Engagements

T-Hub has formed partnerships with international ecosystem enablers and governments, such as the Redberri Earth Foundation, Digital Catapult, the UK Government’s Department for Business, Energy & Industrial Strategy, Foreign, Commonwealth and Development Office (FCDO), and La Trobe University. These partnerships facilitate knowledge transfer and create business opportunities for both international and Indian startups.

Service Providers

T-Hub has established a robust and evolving network of service providers, offering startups support in areas like cost optimization, technical expertise, and subject matter guidance.

AIC T-Hub Foundation

The AIC T-Hub Foundation, a partnership between AIM and T-Hub, aims to cultivate a culture of innovation throughout India by supporting promising startups focused on groundbreaking solutions in healthcare, mobility, and sustainability.

Cinepreneur

In collaboration with MEE School (Media & Entertainment E-School), T-Hub has launched Cinepreneur, a pioneering program in India dedicated to training professionals in the media and entertainment sector. This initiative provides internship and incubation facilities specifically for startups in this industry.

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