Hyderabad is already edging past every city in the country for startups and innovations by partnering with T-hub, the city's most giant incubator, and turning every company that comes to them into something unique and worth watching out for. T-hub will now be joined by someone who has been growing silently but is at a stage where their presence is equally important in startups.
D-labs, An Incubator of the Indian School of Business in Hyderabad, has been awarded a sum of Rs. 5 crores under the 'Startup India Seed Fund Scheme' by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, Government of India. D-Labs is an Incubation center that focuses on nontech startups looking to take their place in the market.
Through this funding, they will help startups grow to a level where they can raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions. D-labs will utilize the current seed funds to help the early startups grow and establish their position in the market.
ISB feels that the capital requirement in a good business plan was a gap, and now this seed fund and many in the future is going to help the good idea startups in a make-or-break situation. Department of Science and Technology, Government of India, DLabs at ISB, is equipped with a state of the art facility to help young entrepreneurs interact and work with mentors, academia, and other business people.