The award is bestowed on the incubator that best promotes new technology, knowledge, and innovation-based start-ups.
T-Hub won the 2023 National Technology Award in the Technology Business Incubation category. (Creative Commons)
Telangana’s Technology Hub, popularly known as T-Hub, won the “Best Incubator” award at the third edition of the National Startup Awards (NSA) on National Startup Day, 16 January.
The award is bestowed on the incubator that best promotes new technology, knowledge, and innovation-based start-ups that create jobs, wealth and business.
The awards were presented by Union Minister of Commerce and Industry Piyush Goyal in New Delhi.
The awards acknowledge start-ups and enablers who have demonstrated exceptional capabilities, not just in terms of financial gains but also for their measurable impact on society.
Receiving the award, T-Hub CEO Srinivas Rao Mahankali said, “We will continue to drive collaboration between start-ups and leading innovation ecosystems worldwide, and provide unparalleled global market-access opportunities to our start-ups.”
Meanwhile, Telangana jumped from the fourth to the second rank in the India Innovation Index, released by NITI Aayog in 2022.
Congratulations 👏 Team @THubHyd https://t.co/omrDwgCLAW
— KTR (@KTRBRS) January 16, 2023
T-Hub, said to be world’s largest innovation campus, is a start-up ecosystem facilitating collaboration between start-ups, venture capital firms, corporates, governments, and academia.
Its primary objective is to encourage young entrepreneurs to come up with a business idea and then help them convert it into a product or service.
Started in 2015, the facility was launched under a joint partnership between the Telangana government and three Hyderabad-based academic institutions — the International Institute of Information Technology, the Indian School of Business, and the National Academy of Legal Studies and Research.
So far, it claims to have impacted over 2,000 start-ups through several initiatives, provided mentors to help start-ups scale up, and is reported to have over 600 global and national corporate partners.
Started by the Department for Promotion of Industry and Internal Trade (DPIIT), the first edition of the NSA concluded in October 2020.
One incubator, one accelerator, and 36 start-ups were recognised as winners in their respective categories.
Meanwhile, NSA 2022 was launched on 1 February, 2022.
Across India, a total of 2,667 applications were received from start-ups, incubators, and accelerators from 31 states and union territories.
These applications were screened and evaluated by more than 50 jury members, including senior government officials, venture capitalists, start-up CEOs, industry veterans, and renowned educationists.
In the third edition, 41 start-ups, two incubators, and an accelerator were recognised as winners in their respective categories, mostly from Tier 2 and Tier 3 cities.
The winning start-ups, as per their category, were awarded ₹5 lakh each, while the incubators and the accelerator were awarded ₹15 lakh each.
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