India
Telangana
Telangana has the potential to redesign the economy nationally and globally through its innovation ecosystem. T-Hub is engaging the top corporations, startups, research labs and VCs to accomplish this.
Ecosystem by the Numbers
Life Sciences
Known as the Pharma Capital of India, Telangana accounts for ~30% of India’s pharma production and 1 out of 3 vaccines globally. With 800+ pharma, biotech and med-tech companies, Telangana already has a combined industry value of $50 billion and aims to double this figure in 10 years. Genome valley, India’s first organized cluster for life sciences R&D activities, has more than 150 life sciences companies, employing ~10,000 people. HealthSignz, a health and wellness platform, raised $5 million in 2018.
AI, Big Data & Analytics
Telangana declared 2020 the year of AI and has signed 8 MoUs with 10 partners to promote AI research and adoption. These include setting up a Centre for Research in Applied AI (CRiAA) in association with Intel, IIIT Hyderabad and PHFI, and a high-performance AI computing center in association with Nvidia. Telangana is one of the only Indian states to have sector specific policies for AI and data analytics. Convosight, a Hyderabad-based data analytics startup, raised $4 million in seed funding in 2020.
Reasons to Move Your Startup to Telangana
An innovation system
Telangana’s ecosystem includes T-Hub, India’s largest innovation hub, enabling strong industry connections, partnerships and fundraising, as well as multiple state-sponsored incubators. These include WeHub, a state-led incubator for women; TSIC, supporting grassroots-level innovators; T-Works, India’s largest prototyping center for makers and innovators; Telangana Academy for Skill and Knowledge (TASK), which supports and enables students to become entrepreneurs; and Emerging Technologies, which assists the government in adopting emerging technologies.
COVID-19 Policy
Telangana innovation partners are actively supporting entrepreneurs during the COVID crisis through access to funding in the form of the subsidisation or waiver of workspace rentals, government and research grants, ACT grants, debt funding and access to equity investors. Along with these, continuous guidance through mentoring and help in re-aligning business models to the new normal is provided.
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