The last few years have seen the emergence of an astounding number of start-ups, many of which have been nurtured by the technological hub that oversees India's avant-garde innovation ecosystem and works to benefit start-ups, businesses, and other ecosystem members. There are currently roughly 7,700 start-ups in hyderabad, according to statistics from the Department for Promotion of industry and Internal Trade, a federal government agency where start-ups register, said srinivas Rao Mahankali, CEO of T-Hub. Over the years, the start-ups that T-Hub has worked with individually total more than 1200, and together they have raised more than $2 billion in funding.
The city has seen a lot of activity lately, mostly in the healthcare industry, followed by a booming business-to-business and SaaS technology sector. Furthermore, there is an increasing focus on sustainability, which includes EVs, transportation solutions, and several related fields. The aggressive backing of the telangana government, which has implemented a number of programmes geared to aid the establishment of start-ups, is one of the key drivers behind the boom in start-ups inside Hyderabad.
The availability of technical talent in the city, top-notch academic institutions, and the fact that the government has worked extremely hard over the past nine years to create a very strong innovation ecosystem, of which T-Hub is one component, are the main factors that draw founders and investors, according to srinivas Rao Mahankali.
Other organisations include WE Hub, which supports female entrepreneurs, T-Works, which provides access to prototyping equipment, telangana Academy for Skill and Knowledge (TASK), which works to bridge the skills and talent gap between academia and industry, and Research and Innovation Circle of hyderabad (RICH), which serves as a conduit between research institutions, academia, industry, venture capitalists, angel investors, and even incubation funds.