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State minister welcomes VC funds to set up base in Hyderabad as new infrastructure to nurture entrepreneurial talent and VC investments is ready to operate.

Hyderabad: India could soon be home to the world’s largest accelerator hub, spread across a formidable 350,000 sq ft area.

After witnessing resounding impact of the Telangana government's accelerator program and six years after its was first initiated, the state will shortly roll out a phase-2 of its T-Hub program, in collaboration with three leading educational institutions (Indian School of Business, International Institute of Information Technology and National Academy of Legal Study and Research).

Addressing about 20 representatives of VC firms at the ISB Venture Capital conference of I-Venture@ISB on Friday (December 17, 2021), Telangana IT and Industries minister, K T Rama Rao said: "'I invite VCs from Bangalore and elsewhere to set up base at T-Hub Phase 2 which is now ready with world class facilities and even Starbucks coffee."

The IT & Industries minister said that the newly finished facility over 350,000 sq ft is going to be world's largest such facility available and will go a long way in boosting an already buzzing entrepreneurial eco-system in the state.

Stressing that physical presence still matters despite the facilities of online meeting he said, that is why the state government has invested in creating infrastructure and public meeting places for startups, VCs, and academicians.

VC fund representatives exchanged several ideas at the conference to help boost the entrepreneurial eco-system of the state. Two of the suggestions that had strong traction at the conference were for setting up an ISB Alumni endowment fund and a Fund of funds of the state government to support the entrepreneurship initiatives.

Speaking at the conference, Telangana IT secretary, Jayesh Ranjan said with approval of IT minister KTR, that the state can be regulatory advocates for VCs in negotiating policy terms with the union government, in a bid to help ease the regulatory pains faced by VCs while investing in Indian startups.

"We will curate the startups for you to look at if you can initiate a regular (monthly) visit with us. Strong synergies with accelerators are available here," IT Secretary Ranjan said.

You can view the discussion between leading VC firm owners, representatives, and the Telangana IT & industries minister K T Rama Rao at the I-venture@ISB event here: