Hyderabad: Forty-five start-ups have been announced under the second edition of T-Hub’s incubation program Lab 32. This new batch of start-ups will receive a progressive set of advantages that will help entrepreneurs grow faster, according to a statement issued by T-Hub. Lab 32 is going to look into entrepreneurship, innovation, and addressing the challenges faced by start-ups, and will receive support under the government’s Start-Up India Initiative, comprising tailor-made programmes for early-stage tech start-ups.
The 45 start-ups were selected after screening five hundred applications from across the country. The technology innovations belong to health, finance, smart mobility, sustainability, education sectors, and even social aspects, where impact analysis will be carried out. "We have witnessed several startups from the first batch scale up exponentially through our programme, and are excited to explore the values of this tailor-made incubation programme to accelerate the growth of the startup community in India,” T-Hub CEO Ravi Narayan said. The new batch of Lab32 commences in May, and applications for the next cohort are tentatively scheduled for the second half of this year.