Google launches its first Indian startup hub in Hyderabad’s T-Hub; Revanth Reddy announces ₹1,000 Cr fund

The Telangana government announced an Rs 1,000 crore startup fund as Chief Minister Revanth Reddy inaugurated the Google for Startups (GfS) hub at T-Hub in Hyderabad. This is Google’s first hub in India and the fifth in the world.

Google for Startups (GfS) hub

Addressing the young innovators, CM Reddy insisted that they aim at achieving bigger targets.

“The next Google should be born from here, in Hyderabad; if not Google, at least you should build a $1-billion company, a unicorn. We should aim to build at least 100 unicorns by 2034 to make Telangana a $1-trillion economy,” he said.

As part of the collaboration, the tech giant will use the T-Hub campus, the state’s major incubation hub, as its base and incubate the product-focused AI startups from Telangana.

The company will provide a year-long dedicated coworking space, hands-on mentoring, AI technologies and global networking opportunities through the Google for Startups network, it stated.

Also read: ‘Protecting kids. Backing parents’: Australian PM announces under-16 social media ban; Should India do the same? (startuppedia.in)

Benefits of selected startups

Speaking at the event, Arjit Sarker, Google site head, Hyderabad, disclosed that selected startups would get access to Google’s technologies across AI/ML, product development, user experience, mentorship in marketing and a global network.

“Bring up any deep tech problem, and we will find you the help. We want the startups to solve the bigger problems,” the Google official said.

Finance Minister Sridhar Babu, who spoke at the event, said, “We have a dream of a Rs 3-trillion economy, and many are questioning it. But without a dream, we cannot move ahead.”

He asked the innovators to benefit from the increased availability of funds for startups in the state.

Also read: ‘I will sack IndiGo CEO’: Civil Aviation Minister Naidu blames company’s 'internal mess'' for disruptions (startuppedia.in)