T-Hub, which leads India’s pioneering innovation ecosystem, announced its partnership with the Ministry of Electronics and Information Technology (MeitY) and Digital India.
As part of the partnership, T-Hub will lead Digital India’s Scale Up program for hardware and IoT startups across India. MeitY, Digital India’s aim is to provide scale up opportunities to the startups and make them ready in terms of product, investment and new market access.
MeitY and Digital India have partnered with T-Hub based on its rich and successful experience of running various programs for key stakeholders, such as startups, corporates, government, investors and ecosystem enablers. As many as 10-15 startups with leading-edge solutions in mobility, energy, agriculture, aerospace, manufacturing, consumer, healthtech, medtech, smart cities and logistics and supply chain sectors will be shortlisted. The call for application for the program will commence in July 2020. Startups will be shortlisted from hundreds of applications after an extensive screening process.
Commenting on the initiative, Ravi Narayan, CEO of T-Hub and Chief Innovation Officer of the State of Telangana, said, “India has already developed a reputation for its expertise in the software technology space. We are beginning to see startups emerging in the hardware space that are solving important problems. Schemes such as FAME II and Manufacturing-Hub plans by the Indian government have already laid a strong foundation. To further fuel the growth of hardware and IoT startups in India, T-Hub has partnered with MeitY to take the ecosystem to the next level so innovative startups can scale-up strategically. T-Hub brings its matured acceleration programme with access to customers, investors and specialized mentors.”
According to the T-Hub’s press statement, the batch of startups will go through regular interventions through bootcamps and dedicated mentoring organised by T-Hub. During the program, startups will get exposure to design/enhance their hardware. In addition, they will receive mentorship in areas such as pricing, go-to-market strategies, fund raising, amongst others. As part of the program, the shortlisted startups will also receive equity-free grants.
Dr. Ajai Garg, CEO of MeitY Startup Hub said, “The Union Government has been continuously working towards strengthening the startup and innovation ecosystem of the country. MeitY Startup Hub has been set up in order to facilitate MeitY’s vision of promoting technological innovation, startups and the creation of intellectual properties. We are positive that our latest partnership with T-hub, which leads India’s pioneering innovation ecosystem, will catalyze the scale-up efforts of hardware/IoT startups in the country. It is important for us to engage the startup community and bring innovative thinking into product development that can accelerate the creation of new offerings in the hardware space.”
The call for applications for startups in India is now open and interested participants can apply at https://t-hub.co/digital-india-scale-up-program/ .
T-Hub enables and empowers an ecosystem hungry for innovation. Based in Hyderabad, India, it leads India’s pioneering innovation ecosystem that powers next-generation products and new business models. Incorporated in 2015, it has provided over 1100 national and international startups with access to better technology, talent, mentors, customers, corporates, investors and government agencies.
T-Hub also provides thought leadership for Telangana and other state and central government organisations to build innovation ecosystems. It has elevated innovation for leading national and global corporates, transforming enterprise business models for the better.
The Ministry of Electronics and Information Technology is a full-fledged ministry under the Union Government. It was formed after the bifurcation of the Department of Electronics & Information Technology from the Ministry of Communications & Information Technology in 2016.
Meitys mission is to promote e-Governance for empowering citizens, promoting the inclusive and sustainable growth of the Electronics, IT & ITeS industries, enhancing India’s role in Internet Governance, adopting a multipronged approach that includes development of human resources, promoting R&D and innovation, enhancing efficiency through digital services and ensuring a secure cyberspace.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.