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T-Hub picks 30 start-ups for Lab32 programme
T-Hub picks 30 start-ups for Lab32 programme
More than 300 start-ups from across the country applied for the current batch
Hyderabad: T-Hub on Tuesday announced the launch of the fifth edition of Lab32, its flagship pre-acceleration programme under which 30 start-ups will receive goal-oriented consultation from leading experts on business goals like revenue growth, customer acquisition, market expansion and product roadmap.
T-Hub is a startup catalyst established in November 2015 as a public-private partnership between the Telangana government and three premier academic institutes – International Institute of Information Technology-Hyderabad (IIIT-H), Indian School of Business (ISB) and National Academy of Legal Studies and Research (NALSAR).
"Lab32,the pre-acceleration programme, aims at preparing start-ups for rapid growth, making the investment ready. The idea is to increase and strengthen India's innovation ecosystem, connecting entrepreneurs to each other and to the mentors, investors and corporates for mutual benefiting collaborations," said Ravi Narayan CEO of T-Hub
Start-ups from cities like Bengaluru, Patna and Noida are part of the programme along with start-ups in the rural innovation space with social impact. The selected start-ups offer innovative solutions in key industries such as media, SaaS, Health-tech, E-commerce, Social commerce, Blockchain, Agri-tech, Rural commerce, Robotics, Enterprise IT, food-tech, Mobility, and Ad-tech.
More than 300 start-ups from across the country applied for the current batch and were evaluated by the startup innovation team of T-Hub. The startups were selected based on their technology component, market readiness and the maturity of founders who had a clear business roadmap.
In the first month of the Lab32 programme T-Hub will conduct a pre-programme assessment to understand the requirements of the start-ups in detail followed by consultant connections. The start-ups will then undergo rigorous training and consultation sessions by professional trainers, advisors and subject matter experts, based on the needs of the start-ups. The programme will also include a series of workshops for marketing and product design tracks.The pre-acceleration programme will run until June 2021 and will continue with its hybrid model launched last year owing to the Covid-19 pandemic.
