T-Hub partners with JBIIAI to build incubator center

Hyderabad, Mar 3 (KNN) T-Hub, innovation ecosystem has joined hands with J.B. Institute of Inventors Association India (JBIIAI) to establish an incubator center under T-Hub's Kickstart initiative to induce the innovation culture in academic institutions.

The partnership aims to foster innovation and collaboration in academic institutions and contribute to the growth of the Indian economy.

As part of the collaboration, T-Hub will provide a 12-month long incubation center setup playbook, which will train faculty and students to create successful startups.

JB Group of Institutions will be responsible for establishing and operating an effective incubation center, supporting entrepreneurs with the help they need to turn their ideas into successful businesses.

Commenting on the collaboration Mahankali Srinivas Rao, CEO of T-Hub, said, “This partnership is a testament to our commitment to catalyzing the growth of startups in India and providing a platform for students, entrepreneurs, and community members to collaborate and create value.”

JV Krishna Rao, Secretary of JB Group of Educational Institutions, said, “We believe that this collaboration will bring significant benefits to our institution and the community and contribute to the growth of the Indian economy.”

The partnership between T-Hub and JBIIAI is also expected to help address some of the challenges faced by startups in India by providing access to funding, mentorship, and other resources.

The incubation center will create a supportive ecosystem for entrepreneurs, helping to address some of the key barriers to growth faced by startups in the country.

Under the partnership between T-Hub and JB Group of Institutions, JBIIA will provide the incubation services for JB Group of Institutions.

With its expertise in research, innovation, and product development, JBIIA will establish and run an effective and efficient incubation center that will provide a platform for students to apply their knowledge and skills in a real-world setting. 

According to a report by NASSCOM and Zinnov, India is home to over 50,000 startups, making it the third-largest startup ecosystem in the world after the US and China.

However, the report also notes that India's startup ecosystem faces a number of challenges, including a lack of access to funding, talent, and mentorship.  (KNN Bureau)