Telangana govt’s investment manager T-hub disburses Rs 15 million to three startups

Hyderabad, Mar 28 (KNN) The Telangana Government’s investment manager, T-Hub, has awarded Rs 15 million to three startups through T-Fund. 

T-Fund is led by the Telangana government under its State Innovation Policy to support early-stage technology startups of Telangana with funding that will be sponsored by the ITE&C Department. 

It plans to fund 15-20 startups each year with an average ticket size of Rs 25 lakh to 1 crore to each startup, with an aim to support around 100 startups over the course of five years.

“Our priority is to accelerate the process to innovate and provide scaling opportunities with funding support to the deserving startups,” said MSR, CEO of T-Hub.

An Investment Advisory Committee (IAC) is also appointed by T-Hub has to operate and manage the fund efficiently. 

The IAC includes industry experts, government representatives and investors. (KNN Bureau)