T-Hub is inviting applications for the second batch of Lab32, an incubation programme tailor-made for early-stage tech product startups.
The next batch of Lab32 will commence on May 1 with leading-edge solutions by startups in sectors such as health-tech, fin-tech, smart mobility, sustainability, social impact, smart cities and ed-tech, a release said.
Applications will close on April 8. The startups will be shortlisted after an extensive screening process.
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Eligibility criteria
The eligibility criteria includes initial market traction; seed funding, series A funding or bootstrapped; and commitment to work from T-Hub facility full time for six months or more.
The applicants should have solution for, but not limited to healthcare, finance, education, smart mobility, sustainability, social impact, and smart cities using technology like AI, ML, deep learning, AR/VR/ER and blockchain.
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Face-to-face interviews and presentations form part of the selection process.
The benefits that await selected startups include workshops and seminars from senior corporate executives and serial entrepreneurs; mentoring by industry experts; interactions with a dedicated pool of mentors, investors, and partners; as well as partnership initiations with T-Hub’s premium service providers like AWS, DigitalOcean, Google Cloud, HubSpot, IBM, Microsoft and Zoho.
The first Lab32 batch of 70 startups will be graduating in April. CEO of T-Hub Ravi Narayan said T-Hub elevated the level of market understanding for each of the incubated start-up that enabled them to analyse the market appetite for their offerings.
The innovation ecosystem in India has to grow strategically and faster and there needs to be a constant supply of startups with trend-making innovative solutions. T-Hub’s second batch of Lab32 will focus on addressing these challenges, he said.