Telangana government recently said that it may set up an outpost of T-Hub, its technological incubator, in Silicon Valley, in the United States.
According to an official release, state IT Minister K T Rama Rao, who is currently touring the North American country along with some senior officials, today addressed a convention of investors and IT professionals.
"We are going to set up T-Hub outpost (extension centre) in Silicon Valley. We need support and cooperation from TiE ( a global network of entrepreneurs) and investors from Silicon Valley," the minister said.
T-Hub is a unique public/private partnership between the Telangana government, three of country's premier academic institutes (IIIT-H, ISB and NALSAR) and key private sector leaders. KTR further said besides IT, India provides abundant opportunities in manufacturing sector and the State government pro-actively took up Make in Telangana initiative by launching investor-friendly policies.
According to the Minister, the State government took up digital literacy in massive scale and is moving towards m-Governance from e-Governance aiming to take the administration to the masses.
Last year, Telangana government had launched the 'Make in Telangana' initiative to boost the State's startup environment. T-Hub is India's largest incubator for startups, located in Hyderabad, Telangana. The first phase of T-Hub was formally launched by E. S. L. Narasimhan, Governor of Telangana & AP, and Ratan Tata, Chairman Emeritus of Tata Sons, and Telangana IT & Panchayat Raj Minister K. T. Rama Rao on November 5, 2015. The second phase of T-Hub is currently in planning stage. T-hub bills itself as standing at the intersection of the startup, academic, corporate, research and government sectors.
Recently Tat Capital, an India-Australia/NZ corporate advisory firm, had signed a memorandum of understanding with the startup incubator. It is the only Australian/ New Zealand business with such an agreement.