After ‘accelerating’ about 70 start-ups in the maiden Lab32 programme last year, which attracted investments of ₹112 crore in aggregate, tech incubator T-Hub has called for entries for the second edition.
The application submission process, which begins on February 18, will end on April 8. The second batch will commence operations on May 1, with a focus on start-ups working in the areas of health tech, fintech, smart mobility, social, smart mobility, smart cities and deep tech areas such as artificial intelligence and blockchain. Ravi Narayan, the new Chief Executive Officer of T-Hub, has put the average revenue per start-up in the first edition in the last three months at ₹27 lakh.
“The first batch start-ups created over 2,000 jobs and won 50 awards,” he said.
‘Structured evaluation’
The minimum eligibility criteria for selection includes being an early-stage start-up with an initial market traction, a good founding team, and a firm that has received seed funding, Series A-funding or been bootstrapped.
The start-ups must agree to work from the T-Hub facility full time for six months or more.
“The eligible start-ups will face a structured evaluation process like face-to-face interviews and presentations,” Ravi Narayan said.
“The innovation ecosystem in India has to grow strategically and faster and there needs to be a constant supply of start-ups with trend-making innovative solutions. T-Hub’s second batch of Lab32 will focus on addressing these challenges,” he added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.