Home BUSINESS How Is Startup Culture In Hyderabad?

How Is Startup Culture In Hyderabad?

Hyderabad started getting noticed as a base for startups in 2014, much after the leading cities like Bangalore, Mumbai, and Delhi. However, it quickly rose in the ranks, primarily due to laying a robust foundation for a strong startup ecosystem by collaborating with the government, investors, startups, and academia. To understand the city’s startup culture, let’s take stock of a few factors.

Empowering the startup ecosystem

Hyderabad hosts top-notch coworking spaces and physical infrastructure for startup incubation, which has helped it emerge as one of the country’s leading destinations for startups. One of the chief factors in the growth of the city’s startups is T-Hub. Ever since it was set up in 2015, it has worked to enable and empower a startup ecosystem eager to leverage innovation.

T-Hub’s building, spread over 70,000 square feet, has played host to 300+ startups since its commencement, out of which 52 went on to raise funds and get 36 trademarks and patents registered. To drive long-term change that will facilitate significant transformation for the benefit of startups, T-Hub brings together governments, corporations, investors, startup ecosystem enablers, mentors, and academia. Its network aims to bridge the gap between corporates looking for the next big idea, innovative entrepreneurs, and almost everyone in-between.

Some other incubators and accelerators worth mentioning are IIIT CIE, NASSCOM 10000, RICH (Research and Innovation Circle of Hyderabad), DLabs, and IKP Knowledge Park, all of which play a crucial role as enablers for the city’s start-up ecosystem.

State Initiatives

The Telengana government has taken several initiatives to encourage and support the state’s start-up ecosystem, which will bring benefits for Hyderabad too. For one, it launched the TSSN (Telangana Social Startups Network) in 2021, whose goal is to create a network of 5,000 startups in the state within the next five years and initiate the Social Innovation Policy.

Setting up of the Telangana Innovation Fund (T-Fund) as an investment vehicle for early-stage start-ups), T-SEED fund (for helping startups in the seed stage get funds), and Phoenix fund (a collaborative initiative with the private sector) are other key moves by the state government that have helped Hyderabad position itself as a desired startup destination.

Thanks to the state’s Blockchain Policy, Hyderabad has got a place in the world’s top ten blockchain cities. It’s also a favoured destination for FinTech start-ups, which enjoy government support and can tap into Hyderabad’s IT talents. Hyderabad FinTech Forum (HFF) also helps by facilitating participation from incubators, startups, investors, corporates, research institutions, and regulators.

Coworking culture

Hyderabad has a wide range of coworking office spaces that offer a hassle-free work environment and ample opportunities for mentoring, networking, and health and recreational facilities, among others, to ensure optimum productivity and facilitate a better work-life balance. Depending on your needs, budget, and other specifications, you can easily find the right coworking space in Hyderabad for your startup to begin its journey.

Also Read: How Social Media Is The Strength For Startups

Tech Buzz Reviews
Techbuzzreviews are a team full of web designers, freelancers, marketing experts, bloggers. We are on a mission to provide the best technology-related news with passion and tenacity. We mainly focus on the areas like the latest technology news, upcoming gadgets, business strategies and many more upcoming trends which are trending all over the world.

Most Popular

The Top 5 Things To Do To Extend Your Headphones’ Life

Headphones are a must-have these days. They keep you company - be it while working or travelling to work, be it while working or...

SAP S/4HANA: Companies Face These Challenges During The Transformation

As a new study by LeanIX on SAP S/4HANA shows, despite the business relevance, only twelve per cent of companies have completed the transformation...

Five Tips On How To Protect Yourself Against BEC

Such emails today are usually set up so professionally and are so well camouflaged that they are challenging to recognize. Here are five tips...

A Complete Guide On Advertising Marketing And Its Scope

Marketing is an integral part of businesses these days. It includes everything from product development to building brand loyalty. Successful marketing strategies can completely...

Who Should Take The Data Analytics Course?

Data has become the life blood of business and every company depends on it for making important decisions. Data is being produced in large...

7 Tips To Create Better Social Media Videos

Whether you want to create videos for YouTube, Instagram, Facebook, Twitter, TikTok, or any other social platform to engage with your customers, there are...

Video Conferencing Fatigue: 7 Tips For Online Meetings

In the age of hybrid work, video conferences and online meetings are a matter of course for many people in their everyday work. The...