Hyderabad: Hyderabad’s startup ecosystem is set to receive a significant boost with the Confederation of Indian Industry (CII) Centre for Innovation, Entrepreneurship and Startups (CIES) relocating to T-Hub, the largest startup incubator in India. This move is expected to create a dynamic environment for startups in Hyderabad and foster greater regional innovation and entrepreneurship.
T-Hub, which is a public-private partnership between the government of Telangana, three of India’s premier academic institutions (IIIT-H, ISB, and NALSAR), and key private sector leaders, was established in 2015 to support and nurture startups. It has since become a leading global innovation hub that has supported more than 2000 startups, created more than 10,000 jobs, and raised over $1.5 billion in funding.
CII-CIES, which was established in 2018, is a dedicated platform to promote innovation, entrepreneurship, and startups. It aims to create a conducive environment for startups and provide them access to the latest technologies, mentorship, networking opportunities, and funding. CII-CIES has been working towards building a strong ecosystem for startups in Hyderabad and has collaborated with several startups, academic institutions, and industry experts to promote entrepreneurship.
With CII-CIES moving to T-Hub, startups will now have access to a broader network of industry experts, mentors, investors, and academics, which will help them scale up their businesses. This move will also enable startups to leverage the resources and expertise of T-Hub’s partners, including the government of Telangana, IIIT-H, ISB, and NALSAR.
In addition to the benefits that startups will receive, the move is also expected to boost the innovation ecosystem in Hyderabad. The collaboration between CII-CIES and T-Hub will encourage greater collaboration between startups, industry experts, and academic institutions. This collaboration will result in the creation of new ideas, technologies, and products, which will fuel the growth of the startup ecosystem in Hyderabad.
The relocation of CII-CIES to T-Hub is a significant milestone in the evolution of the startup ecosystem in Hyderabad. It is expected to attract more startups to the region, which will create more jobs, boost economic growth, and enhance the reputation of Hyderabad as a hub for innovation and entrepreneurship.
In conclusion, relocating CII-CIES to T-Hub is a game-changer for the startup ecosystem in Hyderabad. This move will provide startups with access to a broader network of experts, mentors, and investors, which will help them scale up their businesses. It will also foster greater collaboration between startups, industry experts, and academic institutions, resulting in the creation of new ideas, technologies, and products. This move is a testament to the commitment of the government of Telangana and other key stakeholders in promoting innovation and entrepreneurship in the region.