The third edition of Lab32 will focus on leveraging the power of the in-house team. The ecosystem will help the new batch to accelerate growth and achieve their respective goals. Some of the startups from industries including healthtech, fintech, smart mobility, sustainability, social impact, smart cities, edtech, among others, will be shortlisted from hundreds of applications. These startups will receive peer mentoring from entrepreneurs of T-Hub’s alumni batch and an opportunity to explore strategic collaborations with T-Hub’s partners that will help them scale with speed.
In a statement, Ravi Narayan, CEO, T-Hub said, “Telangana and Hyderabad has established itself as a thought leader by building a unique innovation ecosystem for India. T-Hub, with its programs have contributed in building this reputation. Lab32 enables and empowers startup entrepreneurs, and provides them with a unique and perfect mix of capabilities like market access platform, strong mentor network, deep understanding of technology and research. The program will also help them connect with their prospective customers who can help them scale rapidly.”
In a statement, Sanjay Kuberkar, Co-Founder, Schrocken, said, “We entered the cohort as an early stage startup with our product still in the works, and just one customer signed up. Over these past 10-12 weeks, we have been making rapid progress, with substantial contribution from Lab32 team”.
Lab32 was launched in 2018, and the first batch of Lab32 startups have created over 2000 jobs and raised over Rs 112 crore in total during the incubation program. For the second batch of Lab32, T-Hub shortlisted 45 startups from over 500 applications received from across the world.
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