T-Hub was started as a 70,000 sq ft building when it was once started inside a building inside the International Institute of Information Technology (IIIT) in Gachibowli. Today, it has grown to a size of 3,70,000 sq ft in the middle of the technology hub in Raidurg.
T-Hub 2.0 will be five times bigger in size and shape, and the first phase of T-Hub contributed immensely to the new venture. If one goes back in time, T-Hub was started after MA & UD minister KT Rama Rao met with entrepreneurs working out of ISB. When he asked them about the challenges they faced, they told him about the steep prices of office spaces in Cyberabad. That’s when the thought of having a building that offers office desks at nominal rates came up, shares Jayesh Ranjan, principal secretary, IT and Industries.
Over the years, T-Hub has transformed into an accelerator and incubator space for start-ups. Since 2015, T-Hub has supported 1100 start-ups that have raised Rs 10,000 crore from the funding ecosystem. Out of them, two have become unicorns, and 8-10 are in the soonicorns stage.
With time, the demand for accelerator and incubator space increased, and the government has now decided to build T-Hub 2.0. From July 1, 215 start-ups will move into the new building, and 2,3 venture capitalists have already booked their seats in the building. The old T-Hub will be returned to IIIT-H, and two corporates have already signed an agreement to set up their office there.
The 10-floor building will have a dedicated floor for Venture Capital companies. The space will be offered free of cost. Partner organizations like Telangana State Innovation Cell will set up full-fledged offices there. Centers of excellence like the cybersecurity CoE will take up space.