400 applications received for space in T-Hub

Updated - October 10, 2015 05:53 am IST

Published - October 10, 2015 12:00 am IST - HYDERABAD:

The country’s largest technology incubator `T-Hub’ has already received 400 applications for space from start ups and innovators on rental basis at its swank building within the IIIT campus at Gachibowli even before its formal launch.

The building can accommodate about 800 to 1,000 technocrats in the building with a built up area of 70,000 sq ft. They have to rent space to grow in a maximum of one year and leave to set up operations in phase two of the project to come up at Raidurgam. The rental tariff for flexible seating was Rs 4,500 per month per desk and Rs 6,000 per month per desk for dedicated seating. There are 600 desks and 20 cabins but the latter had strict criteria for qualification. A discount ranging from 10 to 25 per cent was allowed on desks with a seating in excess of four.

Tata Sons chairman emeritus and noted industrialist Ratan Tata was supposed to inaugurate the premises last month but it was postponed as he was indisposed. The fresh date is likely in the first or second week of November, according to T-Hub chief executive officer Jayakrishnan and chief operating officer Srinivas Kollipara.

Meanwhile, the Adobe president and CEO Shantanu Narayen who is on the advisory board of T-Hub is likely to visit the premises next week.

The T-Hub is a unique initiative to support technology enabled start ups with mentorship in agriculture, healthcare, clean energy, digital communication and media sectors. The State government is tying up with corporates and institutions to provide accelerator programmes to scale up the capabilities of the start ups quickly.

Among those who were contacted to provide mentorship were Microsoft, Cisco and Google. The corporates will also offer discounted services, Mr. Jayakrishnan and Mr. Srinivas added.

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