Hyderabad: Hyderabad can become a start-up capital without having to follow the Silicon Valley or Tel Aviv model or in the footsteps of people outside or inside India, newly appointed CEO of T-Hub, Mr Ravi Narayan, said on Tuesday.
Mr Narayan replaces former CEO Mr Jay Krishnan and interim CEO Mr Srini Kollipara. He pointed out that Hyderabad still wasn’t where Bengaluru was but the idea has changed to “Walk into Telangana with idea and walk out with a start-up”.
He elaborated on three things on his charter – funding for entrepreneurs, corporate implementation and technology depth. “This is how I see ourselves unfolding the ecosystem so that others look at us and emulate what we have done here,” he said. “First phase is institutionalising and scaling our programmes with specific focus on corporate innovation. Second phase is talking about what we have done and sharing this with our ecosystem partners and creating necessary capital infrastructure. In the third phase, I see us going out there and deepening technology.”
While Mr Narayan says keen focus is corporate innovation, funding pattern at T-Hub iterates problems entrepreneurs face. In the last three years, T-Hub start-ups have raised $80 million, of which $68 million was raised by 75 start-ups who were part of the corporate innovation programme.
