Telangana, which was created from Andhra Pradesh’s 2014 constitution, is now the capital for startups.Hyderabad has become a key hub for startups due to its strong economy, robust infrastructure, IT/ITES, pharmaceutical and life science industry, large talent pool and low real estate prices.
The government’s entrepreneur-friendly policies have also helped it rise quickly.
Hyderabad was named as one of the top 100 global emerging startup ecosystems in September 2018.
Global Startup Ecosystem Report (GSER), ranked Telangana as one of the top 20 Asian ecosystems for funding and top 15 regional ecosystems for affordable talent.
T-Hub was the first to start the Hyderabad startup adventure six years back.
The city has seen a number of initiatives that promote innovation and entrepreneurialism, creating a vibrant startup ecosystem.
The state government launched a number of unique initiatives as part of its efforts to develop an innovation-driven economy and strong startup networks.
These include WE Hub, which allows women entrepreneurs to start and scale up, AgHub to support agricultural innovation, and T-Works.T-Works is the largest prototyping center in the country to promote a culture of makers, hobbyists and innovators.
Research and Innovation Circle of Hyderabad ( RICH) is an initiative that unlocks the national treasure of top scientific research institutions.Telangana Academy for Skill and Knowledge, which provides high-quality human resource and service to the sector.
The Telangana State Innovation Cell, another government initiative, launched an initiative to create 5,000 startup companies over the next five-years.TSIC is focused on developing young innovators from rural areas.
A Startup Telangana portal was launched by the state.It aims to serve as a single point of contact for all aspects of the state’s startup ecosystem.
This portal provides all services related to startups in a timely manner.It includes mentorship and grievance resolution, startup recognition, incentive disbursement, and mentorship.
T-Hub was founded in November 2015.It has supported around 2000 startups from sectors such as healthcare, edutech and fintech.
Start-ups such as Zenoti and MyGate have raised over Rs 269 crore through various programs.
T-Hub, a public-private partnership is formed between the state and three top academic institutions — International Institute of Information Technology- Hyderabad(IIIT-H), Indian School of Business [ISB] and National Academy of Legal Studies and Research University of Law (NALSAR).
It is located in an area of 70,000 sq.feet on the IIIT-H campus and has become one the most important technology incubators in America.
T-Hub is nearing completion of its second phase.The new campus covers more than 5 million square feet and is set to become one of the most important incubation centers in the world.
Mahankali Srinivas Rao recently assumed the role of T-Hub CEO.She stated that their goal is to continue improving and build upon current strengths.
Here are some startups that attracted international and national attention:
Biliti Electric/Gayam Motor Works was established in 2011 by Raja Gayam (left) and Rahul Gayam (right), along with Harsha Bavirisetty, a college friend.The company was the first to develop an electric tricycle powered by Lithium Ion batteries.
The company is the first Indian to create an electric auto-rickshaw that can swap between batteries.It has a manufacturing plant in Sangareddy, near Hyderabad.
The monthly production capacity is 250 to 300 units.This makes it one of India’s largest suppliers of electric cars to Indian e-commerce businesses.
The company also exports vehicles to fourteen countries.
Bavirisetty is the founder of Biliti Electrical in the US.He told IANS that they recently received a $400m PIPE commitment from GEM Global Yield LLC SCS, Luxembourg.
Bavirisetty stated, “We intend to establish large manufacturing plants which will allow us to scale across the globe.”
Marut Drones: Marut Drone was recently in news for the drone trials conducted in Telangana as part of the ‘Medicine from the Sky’ project to deliver Covid vaccine doses and medicines to remote areas.These were the first trials of Beyond Visual Line of Sight (BVLOS) drone flights in the country.
Marut Drone’s Hepicopter carried medicines from the district hospital in Vikarabad to a primary health centre, covering a distance of 45 km.
“It was the longest and highest delivery flight path in the country.These drones can carry 16 kg payload and are equipped to handle multiple temperature-controlled boxes.
This will enable medical delivery from drones to penetrate the remote inaccessible areas,” Prem Kumar Vislawath, Founder and Chief Innovator at Marut Drones, told IANS.
The startup also demonstrated the flight in Guwahati.
It has so far manufactured 16 drones with different payloads for various applications like defence, mosquito eradication, agriculture and reforestation.
Onward Assist: Onward Assist helps improve cancer treatment outcomes by solving the problem of accurate and timely cancer diagnosis and simplifies the process.It enables cancer pathologists and radiologists with automated analytics tools for faster and better reporting, leading to better outcomes.
Onward’s AI tools are built in collaboration with leading cancer institutes in India and the US.Recently, Onward was selected among the top 24 startups by EU-funded EIT Health, as the only Indian startup in the list.Onward team is led by a core team of Dinesh Koka, Vikas Ramachandra, and Lata Kini with combined 60 years of experience in healthcare and medtech industry.
Awiros: Founded in 2015 by Vikram Gupta and Yatin Kavishwar, Awiros is into AI-based video analytics and has developed one of the world’s first video AI operating systems and the marketplace of video analytics applications, serving domains like smart cities, safe cities, law enforcement, enterprises, transportation, manufacturing, and defence.
The startup till date has been working with close to 5 smart cities and 5 safe cities and one of the biggest projects received was for the Bengaluru Safe City project, where Awiros is delivering AI-based advanced video analytics on 10K cameras.
In addition to several law enforcement agencies, the startup has also collaborated with the National Highway Authority of India and other agencies to help with licence plate recognition, vehicle counting and classification, and lane driving discipline.
OxyLoans: A FinTech startup which has launched a Peer 2 Peer (P2P) lending platform.With NBFC licence from RBI, it is gearing up to cash in on the multi-billion-dollar opportunity in the P2P market.Radhakrishna Thatavarti, Founder and CEO, Oxyloans, told IANS that they are targeting Rs 7,000 crore disbursement during festivals over the next 24 months.
“With powerful licence, application and banking integration, we are partnering with securities companies, bringing the borrowers and partnering with NBFCs bringing the borrowers,” he said.
“It’s a power play.Instead of chasing the target every day and every month, we will run six campaigns every year, offering loans for two to four weeks.During the last three years, we were able to do only Rs 100 crore, but in this campaign, we will be mobilising Rs 7,000 crore,” said Radhakrishna, who has over 20 years of experience in software companies, and in the area of banking and financial services.
He is confident of reaching the Rs 7,000 crore disbursement target by the seventh or eighth campaign.
“In 2022, people will identify us as a future unicorn,” he added.
Mygate: One of India’s largest Community Apps, Mygate has been an integral part of community living with its security and community management features in Hyderabad since 2018, with presence across 1,800 gated communities with 2.5 lakh homes.Mygate has raised $67.3 million in funding till date with approximately 1,200 employees across 20 major cities.
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