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Tech start-up incubator T-Hub and the Government of Telangana have set up T-Angel to address the challenges of early-stage funding.
Lets Venture, a Bengaluru-based funding platform with 6,500 investors, will support the programme. Other angel investors and angel investment groups in the ecosystem would also explore investment opportunities.
“About 30 start-ups will be inducted into the three-month maiden cohort shortly. We're planning to hold three-four cohorts in a year,” Ravi Narayan, CEO of T-Hub, said.
“We will select start-ups working on tech solutions for healthcare, real estate, entertainment, sports, education and finance. The first batch would commence on October 20. Applications will open on August 29 and the start-ups can submit entries by September 30,” he said.
The top 10 of the 30 start-ups in the cohort will receive funding. They will be listed on Lets Venture’s investment platform, which has helped over 190 start-ups raise over $85 million in the last six years.
“The batch of 30 start-ups will need to go through regular interventions through bootcamps and dedicated mentoring to build a strong investment case, which help them eventually to raise capital,” he said.
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