From 2015 to 2018, Hyderabad has made all the right moves to become a startup hub
19 Dec 2018 3:55 AM GMT
From setting up co-working spaces to offering mentorship, funding, and even facilitating tie-ups with corporates, the Telangana government is putting Hyderabad on the startup map. When the Indian star...
- The number of entrepreneurs choosing to start up in the city is growing, as is the number of partnerships among startups, academic institutions, corporates, and the government.One strong indicator of growth is funding raised.
- Today, that number has grown to 4,000, according to the Telangana State Innovation Cell (TSIC).
- In all, CIE is currently incubating 78 startups versus 54 in 2015.
- Creating the right spacesThe push to increase startup activity in the city comes from government quarters as well – while different states have announced startup-friendly policies, for Telangana, the idea was more of a ‘need to have’ than ‘nice to have’.
- We realised there were a growing number of healthtech and healthcare startups in the city.
- We believe Hyderabad has a strong base of entrepreneurs and entrepreneurship.
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