ENA Sectors 2022-03-28 13:04:33 <p><strong>Hyderabad, Mar 28 (KNN)</strong> The Telangana Governments investment manager, T-Hub, has awarded Rs 15 million to three startups through T-Fund. </p> <p>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&amp;C Department. </p> <p>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.</p> <p>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.</p> <p>An Investment Advisory Committee (IAC) is also appointed by T-Hub has to operate and manage the fund efficiently. </p> <p>The IAC includes industry experts, government representatives and investors. <em><strong>(KNN Bureau)</strong></em></p> 28737 https://knnindia.co.in/news/newsdetails/sectors/telangana-govts-investment-manager-t-hub-disburses-rs-15-million-to-three-startups 2022-03-28 13:04:33 knnindia.co.in