Hyderabad-based startup incubator T-Hub has chosen 45 startups for the third edition of its incubation programme Lab32.
The programme, which is focussed on early-stage tech product startups, has shortlisted these companies on the basis of technology innovations for developing solutions in key industries, such as healthtech, fintech, cyber security, consumer tech, real estate and construction, it said in a statement.
For the third edition, Lab32 has virtually onboarded startups from other cities -- it had only picked startups from Andhra Pradesh and Telangana so far -- and will receive benefits via the virtual model of the programme. In this model, all the benefits can be availed by the startups online barring the physical space, which they can use whenever they are in these two states.
The shortlisted startups, including Awiros, Flytta, Unschool, Amplify Mart, HireStar and Qtpi Robotics, are from cities such as New Delhi, Mumbai, Bengaluru, Hyderabad and Thiruvananthapuram.
“As an early-stage startup, it is critical for us to be a part of a community that can provide right mentorship and scaling opportunities. (The) Lab32 programme has a record of fast-tracking the growth journey of startups by helping them get access to the best of industry expertise, tech mentorship and business scaling opportunities,” said Rahul Varma, CEO and co-founder of Unschool, one of the startups selected under the programme.
The shortlisted startups will undergo a six months training, the outstation startups will be eligible to access three curated bootcamps, focussed mentorship, networking and peer-mentoring opportunities with alumni startups, the statement said. The startups will also get access to services offered by T-Hub’s partners such as Amazon Web Services, DigitalOcean, Google Cloud, IBM, Microsoft and Zoho.
“(The) Lab32 programme is uniquely positioned to help those startups that have their engines revved up, and (are) looking forward to (get) active help from mentors and experts, and relevant customer and investor connects. Most startups at this stage would have slipped out of the range of incubator networks in India,” Ravi Narayan, CEO of T-Hub, said.
The incubator has developed a personalised mentorship model for the third batch. During the programme, startups will be assigned strategy mentors, who will validate the inflexion point of the startups based on the metrics and guide them on the next steps in their growth journey. Each startup will be guided by a chief mentor, who will track its progress and analyse the gaps. There will also be a functional mentor to study and validate the pain points and provide solutions.
The second batch of the incubation programme Lab32 concluded in December 2019.
Founded in 2015, T-Hub claims to have provided over 1,100 national and international startups with access to better technology, talent, mentors, customers, corporates, investors and government agencies. It works closely with the Telangana government and other stakeholders for next-generation products and new business models.
Earlier this month, it selected 31 startups for the first batch of its funding-focussed programme T-Angel from sectors such as health-tech, edtech and enterprise technology.
In November 2019, T-Hub launched a fintech accelerator programme in partnership with the National Payments Corporation of India.