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Telangana State Innovation Cell’s T CoWork kicks off
Telangana State Innovation Cell has launched its first initiative T.CoWork at CIE, IIITH, Gachibowli. The aim of the initiative is to network all the co-working spaces and incubators in the city and through shared joint support enable them to be more effective in nurturing start-ups.
Hyderabad: Telangana State Innovation Cell has launched its first initiative T.CoWork at CIE, IIITH, Gachibowli. The aim of the initiative is to network all the co-working spaces and incubators in the city and through shared joint support enable them to be more effective in nurturing start-ups.
Telangana IT Secretary JayeshRanjan said: “With the goal in mind, today’s T.CoWork confluence connected the various attending co-working spaces as well as the incubators to panel which had players from the investor, mentor and t-hub networks.”
The panel comprises Pradeep Mittal, President, TiE Mentors, Srini Chandupatla of Hyderabad Angels, Vikrant Varshney, IIIT Seed Fund, and Shanta Thoutam, Director (Innovation Cluster), T-Hub.
Prof Ramesh Loganathan, interim Chief Innovation Officer at State Innovation Cell, said “T.CoWork seeks to continue this collaboration by rolling out the shared support, regular monthly meet ups to build the network with a few talks.
One such meeting every half year will bring start-ups in these spaces to connect with investors, mentors and industry partners. We also hope to launch workshops once in two months to help idea stage an early stage start-ups.”
Through these spaces, the early stage start-ups will be provided business/strategy mentoring, market connection and investor access. The idea is to direct all early stage start-ups applying to T-Hub to a participating, qualified co-working space and through the space enable them to grow to initial market traction and be ready for angel stage support offered by incubators such as T-Hub.
The new initiative at the State Innovation Cell has kick started with an introduction between various participating spaces, followed by a panel discussion represented by people experienced in raising investments, start up mentoring and corporate innovation.
The participants discussed and shared opinions about the various gaps in the current start-up ecosystem and the role of incubators, co-working spaces in addressing the same. Pradeep Mittal said “Founders mostly come with excellent ideas and what make the start-up successful.”
