T-Hub, the startup incubator located in Hyderabad, which was launched in partnership with the Telangana state government, has announced the release of a new approach to assist startups in scaling up operations.
Since its launch in 2015, T-Hub has been working to assist and provide startups and entrepreneurs with access to investors, mentorship, workspaces and resources among other services. The incubation centre has become an integral aspect of the state’s startup ecosystem.
The new launch, which is set for within the next couple of months, is meant to help startups grow at a quicker pace.
“One- we will give the startups a Make in India playbook for the startups,” T-Hub CEO Jay Krishnan told Telangana Today. “They can have the ability to really scale their revenues. We did a programme called T-Scale last year. We are taking T-Scale and coming out six playbooks focusing on aspects such as go-to-market, hiring, organisational behaviour, scaling and business development.”
Other members of the collaboration to launch T-Hub in 2015 include Indian School of Business and IIIT-Hyderabad. T-Hub, which spans 70,000 sq. ft., might consider selecting startups for the incubator program from those seen at BioAsia 2018, Krishnan said.
An aspect which will see change with the way T-Hub accepts startups is the time frame. Startups can join the incubation centre every six months at a specific time-window, rather than throughout the year. For example, startups could join in April, and then again in October.
“If you look at the concept of incubation, most of it is very organic,” Krishnan said. “People come in and we help them, and we have a set of services that these startups use. From our experience what we have seen is, if we can structure it and give it a two-dimensional approach.”
Medtech focused startups and technology, from the healthcare category at the incubation centre, have seen noticeable growth and make it easier on the company to achieve that growth due to the nature of the subject.
“In the amount of programmes that we are doing, 40-50 per cent of them have an IoT angle,” Krishnan said. “If it’s a med-tech startup in the diagnostics space, it’s easier for go-to-market for these startups. In healthcare using virtual reality under the Facebook programme, some startups have applied. At T-Hub, this year we see med-tech to pick up.”
Other aspects of the healthcare sector besides medtech are life sciences and biotech.
(Picture courtesy: http://bvic.in/)
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