Hyderabad is making a big stride in providing an acclimatised environment to foster start-ups. With Genome Valley, pharma industries, and one of the largest incubators in the form of T-Hub, the city is fast growing as the hub of health-tech companies, says Jay Krishnan, former Chief Executive Officer, T-Hub, in conversation with Sudheer Goutham of Elets News Network (ENN).
Q: What are the key reasons making Hyderabad a healthcare technology capital?
Hyderabad has got a great foundation for healthcare. It has got Genome Valley and majority of the pharma industries. It is the seed manufacturing capital of the world. The Government of Telangana is also focusing on lots of research and innovations. In next two-three years, Hyderabad will see Med-Tech, life science, Bio-Tech and start-up to further proliferate. With the pace the city is making strides in healthcare space, it will soon become a HealthTech capital.
Q: How has T-Hub incubated and helped start-ups to be successful?
We started T-Hub in 2015. Over the years, we have realised that T-Hub is not only meant to focus on local start-ups, rather it must cater to the needs of the entire Indian start-up landscape. We are now one of the largest incubators in India. We also established a Corporate Innovation Accelerator that attracted over 100 start-ups not only from other parts of India but also across the world. We also conducted multiple student exchange programmes with Israel, Australia and the US. Now, we have over 300 incubators, the majority of which are from Telangana.
Q: What is the genesis behind T-Hub?
The fundamental goal of T-Hub is to become the epicentre for start-ups in India and also be a common anchor point for all the start-ups in Telangana. In coming years, the incubation centre is likely to get bigger, as a new centre for T-Hub is under construction. Moreover, with the new centre, the emphasis will be more on software, hardware and production labs. It’s going to be bigger and stronger. Our objective is to become the world’s largest incubator.
Q: Can the city be called the start-up capital of India, as a lot of initiatives have been undertaken in Hyderabad to support start-ups?
As we want India to become the startup hub of the world, it is a must for every city to play its part to achieve this goal. Mumbai will become the fintech capital, Bengaluru will become the hub for different verticals, Delhi will become the market and e-commerce capital and Hyderabad will become the healthcare technology capital. The combination of these 10+ cities will attract talent from every corner of the world and all of it, when put together, will make India successful.
Q: Venture capitalists play a major role in supporting startups financially. What is your perception?
For a start-up to become successful, it is necessary to have access to a pool of capital to convert its idea into a quality product. Once that comes in, the start-ups’ next focus should be on business development and pitching new customers. T-Hub incubates these start-ups and helps them sustain, grow and make a name for themselves in their respective markets.