SIDBI to Manage Rs100-cr Venture Capital Fund of T-Hub

Hyderabad: With T-Hub entering into second phase of development, Telangana government has chosen Small Industries Development Bank of India (Sidbi) as fund manager for its Rs100-crore venture capital (VC) fund. The venture capital fund will help start-ups take off on commercial level. Telangana government has initiated T-Hub with concept of transforming an innovation into a commercial product or service. Set up in 2015, T-Hub will celebrate its first anniversary of the incubator in November.

According to IT Secretary Jayesh Ranjan, T-Hub has been registered with Rs 60 crore and discussions were in progress with prospective investors for the remaining Rs 40 crore. Telangana government is planning for the construction works on the T-Hub’s second phase.

Telangana government has contributed Rs20 crore to the Fund, while the rest of the Rs.60 crore is from private equity (PE) investors.Sidbi will manage the Rs100-crore VC fund.

The State government will submit to the Centre a proposal on the Rural Livelihood Incubator to be established in partnership with Kakatiya SandBox in Nizamabad. Meanwhile, Nizamabad district Collector had been asked to suggest a suitable location for incubator.

The State government will also allow start-ups outside T-Hub to participate in the events that are organised at the incubator.

“Most of the events of T-Hub are highly curated. Those events will now be open to others,” the official said. In addition, various other services available to entrepreneurs at T-Hub, except the brick and mortar infrastructure, would be extended to all start-ups.

Jayesh Ranjan said several thousands of start-ups are waiting outside and we’re planning to bring them into the T-Hub fold. The State government will submit to the Centre a proposal on the Rural Livelihood Incubator to be established in partnership with Kakatiya SandBox in Nizamabad. Meanwhile, Nizamabad district Collector had been asked to suggest a suitable location for incubator.

With T-Hub entering into second phase of development, Telangana government has chosen Small Industries Development Bank of India (Sidbi) as fund manager for its Rs100-crore venture capital (VC) fund. The venture capital fund will help start-ups take off on commercial level. Telangana government has initiated T-Hub with concept of transforming an innovation into a commercial product or service. Set up in 2015, T-Hub will celebrate its first anniversary of the incubator in November.

According to IT Secretary Jayesh Ranjan, T-Hub has been registered with Rs 60 crore and discussions were in progress with prospective investors for the remaining Rs 40 crore. Telangana government is planning for the construction works on the T-Hub’s second phase.

Telangana government has contributed Rs20 crore to the Fund, while the rest of the Rs.60 crore is from private equity (PE) investors.Sidbi will manage the Rs100-crore VC fund.

The State government will also allow start-ups outside T-Hub to participate in the events that are organised at the incubator.

“Most of the events of T-Hub are highly curated. Those events will now be open to others,” the official said. In addition, various other services available to entrepreneurs at T-Hub, except the brick and mortar infrastructure, would be extended to all start-ups.

Jayesh Ranjan said several thousands of start-ups are waiting outside and we’re planning to bring them into the T-Hub fold. The State government will submit to the Centre a proposal on the Rural Livelihood Incubator to be established in partnership with Kakatiya SandBox in Nizamabad. Meanwhile, Nizamabad district Collector had been asked to suggest a suitable location for incubator.