T-Hub Might Let Go Of 150 Start-Ups Soon
The start-up ecosystem of Hyderabad had a fantastic 2015 but now it looks like the vibrant fraternity of Hyderabad is going downhill. Fund inflows have significantly slowed down with investors adopting a cautious approach, just like the frequency of lucrative deals and success stories. Adding more reassurance to this trend, T-hub has recently decided to close its doors on over 150 start-ups that made their way into the state-run incubator only 11 months ago.
Although officials refused to confirm this, sources closely associated with the operations of the facility, admitted that the decision was taken post an annual review to map the traction and potential of the nearly 200 startups, incubated by the facility in 2015. “The initial filling of seats had been done on a first-come-first-serve basis without a proper review of the market viability and monetary potential of the products and ideas. The start-ups that have smaller teams (2-3 members) will be asked to vacate the facility since it was becoming difficult to manage,” said an official on condition of anonymity.
Inaugurated in November last year, start-ups at the T-Hub were given a period of 6 to 12 months to work on their ideas and scale them up. However, the recent development only implies that this has not been achieved by a whopping 75% of those incubated. According to investors, this scenario is uniform across the start-up ecosystem in the state.