Hyderabad, Sept 6 (KNN) Ecosystem enabler T-Hub has collaborated with SucSEED Indovation, a SEBI-registered AIF-1 Venture Capital Angel Fund to encourage innovation, increase funding, and assess investment options for DeepTech startups in India.

Both organisations formalised their alliance by signing a Memorandum of Understanding (MoU) on Tuesday.

Utilising their combined knowledge of the startup ecosystem, T-Hub and SucSEED will work together to mentor, promote, incubate, and aid in DeepTech startups’ growth by holding masterclasses and other workshops for knowledge exchange, said a press release.

This will make it possible for T-Hub startups to receive mentoring in Venture Capital Investment, Transaction Management and Risk Management.

Commenting on the partnership, Mahankali Srinivas Rao, CEO of T-Hub, said, “The Indian deep-tech ecosystem has matured significantly in recent years. However, to keep up the momentum, these startups require funds and strong mentorship, and together with SucSEED, we will unlock scaling opportunities for them. T-Hub, through these partnerships, envisions making the connection and fundraising easy for startups and investors.”

Explaining SucSEED’s role in the partnership, Vikrant Varshney, Co-Founder and Managing Partner of SucSEED Indovation Fund, said, “We are very active to support & fund early-stage Deeptech startups, and most of them get discovered through our partnerships with Tech incubators across India. SucSEED has been committed to collaborating with strong partners like T-Hub, who provide an ecosystem for startups and help passionate entrepreneurs build innovative solutions.”

“We’ve worked regularly with the Telangana ecosystem and T-Hub in the last 5+ years, and we are happy to formalise our engagement through this MOU and scale our efforts further by investing in emerging startups that have the potential to become legendary enterprises of tomorrow,” added Varshney.

Depending on company performance, T-Hub startups will stand a chance to raise funds from the SucSEED Indovation Fund and join its portfolio list.

In addition, these portfolio startups will be given access to scale with the help of credible VCs and family offices, increasing their investment opportunities.  (KNN Bureau)