On 10th July 2020, T-Hub announced their partnership with the Ministry of Electronics and Information Technology (MeitY) and Digital India to lead the scale up program of Digital India for hardware and Internet of Things (IoT) startups and to support the startups with investments and market access.
i.The programme under the partnership will start in July 2020.
ii.Around 10-15 leading startups with cutting edge solutions in sectors like mobility, energy, agriculture, aerospace, manufacturing, consumer, healthtech, medtech, smart cities and logistics and supply chain will be shortlisted from the applicants through a screening process.
The Selection criteria:
- The team should have at least 1 full time employee.
- The functionality or capability of the product or technology offered by the startup should not be available in any off the shelf product but the product can have significant advantages or updates over the existing products.
- The team should hold the full freedom of the original idea and the licence of the product that represents the startup.
- The seed/pre seed startups with working prototype with established technical capability.
Service and Benefits:
i.The selected startups will go through bootcamps and mentorings organised by the T-hub.
ii.The startups will be supported to develop their hardwares design and performance.
iii.The programme provides mentorship in areas like pricing, go-to market strategies, fundraising and others.
iv.Equity free grants will be provided to the startups as a part of this program.
i.Personalised one on one mentorship with business leaders.
ii.Access to mentors, industry experts, investors, service providers of the T-Hub network.
iii.Opportunity to work with the MeitY startup hub.
About Ministry of Electronics and Information Technology(MeitY):
Cabinet Minister– Ravi Shankar Prasad
Minister of State– Sanjay Dhotre
CEO– Ravi Narayan
Headquarters– Hyderabad, Telangana