T-Hub and Startup Genome to Promote India’s Innovation and Startup Ecosystem
T-Hub, which leads India’s pioneering innovation ecosystem and Startup Genome today announced that they would foster Hyderabad’s innovation ecosystem and showcase success stories of the city’s entrepreneurs. With more than 100 clients in 38 countries across five continents, Startup Genome is a leading research and policy advisory organisation for governments committed to advancing their startup ecosystems. Its 2020 edition of the Global Startup Ecosystem Report (GSER), the world’s most comprehensive research, will include Hyderabad’s notable startups. The report will also provide timely insights into the impact of COVID-19 on startup ecosystems globally.
Through Startup Genome, T-Hub joins as a global member network of the startup ecosystem to support growth for startups everywhere. The membership will strengthen T-Hub’s activities and bring new ideas and approaches focused on global peer-learning and the sharing of best practices. In addition, the ecosystem office at T-Hub along with Startup Genome will continue to support the domestic innovation ecosystem through capacity building initiatives.
T-Hub was chosen as a partner by Startup Genome because of its track record of building a rich innovation ecosystem both locally and nationally. T-Hub has built a world-class organisation with value systems, culture and governance structures, serving as a role model for other innovation ecosystems. Based on the connections made via T-Hub, Startup Genome will rely on a variety of metrics to quantify the success and areas of opportunity in the ecosystem and present the metrics in the GSER.
Ravi Narayan, CEO, T-Hub, said, “T-Hub has focused on creating inspiring stories in Telangana and India for startups and ecosystem players. The Telangana innovation ecosystem is maturing in the right direction, as is evident from the number of new startups emerging from the ecosystem, the recent increase in funding and the influx of startups from other states to Hyderabad. We are an innovation ecosystem enabler, driven by creating meaningful impact for startups, corporates, governments and academia, amongst others. We are excited to partner with Startup Genome to create thought leadership in the space of building innovation ecosystems to help other ecosystems globally.”
Over the years, the Telangana government has been able to attract global corporate US giants like Google, Microsoft, Facebook, Deloitte and Amazon, amongst others, to set up their offices in India. Through T-Hub’s effort to build an innovation ecosystem for the country, the state has been successfully driving collaborations with many such corporates, international government bodies and startups, thus also contributing to the growth index across other ecosystems in different geographies. T-Hub’s new partnership with Startup Genome will create a variety of opportunities for Hyderabad-based startups to receive national and international exposure.
“Hyderabad’s tech ecosystem has enormous potential to reshape the economy locally and nationally,” said JF Gauthier, Founder and CEO, Startup Genome. “We are proud to feature this growing ecosystem in the GSER and to help the community gain more global exposure as a leading Indian tech hub.”
T-Hub is always at the forefront of identifying and developing stories from the ecosystem, highlighting the journey and success of its stakeholders. Along with T-Hub, the Telangana innovation network includes Telangana State Innovation Cell (TSIC) that promotes the culture of innovation and entrepreneurship in the state. WE Hub is India’s first state-led incubator that promotes women entrepreneurs to scale-up and accelerate with global market access. T-Works, an electronic hardware startup incubator, builds hardware prototypes using a range of tools and a diverse community of experts. As a part of its efforts to contain COVID-19, T-Works has developed a low-cost ventilator. The Government of Telangana established Telangana Academy for Skill and Knowledge (TASK) to enhance skilling synergy among institutions of government, industry and academia. Research and Innovation Circle of Hyderabad (RICH) facilitates taking research to market and provides access to IP protection. All the innovation partners are actively working towards strengthening Hyderabad’s innovation ecosystem in India.
