Hyderabad: Chief Minister K. Chandrashekar Rao will inaugurate T-Hub's new facility in the city on Tuesday, IT minister K.T.Rama Rao said in a tweet on Sunday.
Sharing an image of T-Hub’s new facility, Rama Rao tweeted, “Delighted to announce that Chief Minister K Chandrashekar Rao garu will be inaugurating the new facility of T-Hub on June 28, giving a huge fillip to the Hyderabad innovation ecosystem (sic)”.
The minister further shared former US President Abraham Lincoln’s famous quote "The best way to predict your future is to create it".
He said T-Hub's new facility was built at a cost of Rs 276 crore in an area covering 3.5 lakh square feet and is expected to be India’s largest prototyping facility.
T-Hub rents out office and meeting space, and offers services such as connections with mentors and investors, to startup companies in the technology sector.
The first phase of T-Hub has already been operational since 2015 and it has provided over 1,100 national and international startups access to technology, talent, mentors, customers, corporates, investors and government agencies. T-Hub also provides thought leadership for Telangana and other state and central government organisations to build innovation ecosystems.
It has garnered about Rs 1,800-crore investment and provided employment to over 2,500 people in Hyderabad. T-Hub Phase-I is spread across 70,000 sq ft and has been home to over 300 startups to date. It is a partnership between the government of Telangana, the International Institute of Information Technology, the Indian School of Business and the National Academy of Legal Studies and Research and the private sector.
