The much awaited launch of T-Hub (a 70,000 sft space for startups) was inaugurated on 5 November by Ratan Tata, Governor Sri ESL Narasimhan and Minister for IT Sri KT Rama Rao in Hyderabad.
Touted as the incubator of incubators; T-Hub is every start-up founders’ dream platform and a big step towards becoming the next great tech startup hub of India. Being taken up by the Telangana Govt. and headed by its very own IT Minister K. Taraka Rama Rao, T-Hub first phase called the Catalyst is located at IIIT-Hyderabad in Gachibowli.
Attending the launch event Anil Bharadwaj (CCO) of Paynear Solutions said, “The sprawling premises and facility of T-Hub is nothing short of world class infrastructure and the platform will bring in the entire startup ecosystem together. The kind of support and guidance these new startups will receive is in itself a much needed for them. T-Hub is definitely going to be a feather in the cap of PM Modi’s Make in India campaign.” Bharadwaj was also part of the 70 member group who interacted with the dignitaries after the launch.
Paynear Solutions, was started back in 2013 by a group of entrepreneurial professionals from the payment industry and today has launched two of its products Paynear mPay (mobile point of sale solution) and SPOT (recharge, bill payment, bookings app).
The T-hub is a PPP (public-private partnership) between the Government of Telangana, IIIT-Hyderabad, ISB and NALSAR and key private sector leaders. The Rs 50-crore project has been taken up with the State Government pitching in with Rs 40 crore and other directors with Rs 10 crore.