Start-up incubator T-Hub has launched its first accelerator in the area of health technology. This was announced by its Chief Executive Officer, Jay Krishnan, in a session on entrepreneurship in the pharma biotech conference, BioAsia, here on Wednesday.
“The health tech accelerator will comprise a structured and steady execution plan, a growth plan based on experimentation and metrics, and a well-prioritised product plan.
The startups operating from the accelerator will further receive mentorship from domain experts and will be connected to a platform to receive investment from institutional ventures,” Krishnan said.
The accelerator would be named ‘T-Hub Health Tech Innovation Accelerator’ and will be set up in partnership with Merck and Microsoft Ventures. The accelerator will execute a steady growth plan based on experimentation and metrics. The start-ups will receive mentorship from domain experts and will be connected to a platform to receive investment from institutional ventures.
T-Hub was launched in November 2015 by the government of Telangana and selected private companies. It has 70,000 square feet area and aims to facilitate seating capacity for 800 people and can house up to 150 startups. Out of this, 5-10% constitutes of life sciences and health companies.
T-Hub has tied-up with over 20 venture capitalists, also in talks for collaboration with University of Texas, Houston, MIT Media Lab, Incubio of Spain and laboratories, and academic institutions in India and abroad.