- Encompasses a wide range of sectors, including sustainability, mobility, healthcare, fintech, and agriculture.
- 23 startups were chosen from a pool of 200 applicants for the first cohort.
- Offers researchers and innovators a structured pathway to transform their ideas into successful commercial ventures.
Hyderabad, 9th September 2024 – T-Hub, India’s leading startup incubator, has launched the AIC T-Hub Lab2Market program, a pioneering initiative aimed at transforming cutting-edge research into market-ready innovations. This program is specifically designed to help researchers and innovators turn their ideas into successful businesses by focusing on two key goals: creating Minimum Viable Products (MVPs) and scaling them into sustainable startups.
Lab2Market offers startups a structured pathway with comprehensive, customized support. Participants will engage in interactive sessions that focus on product development, market strategies, and refining business models. They will also receive personalized mentorship from industry leaders, who will provide strategic insights and tackle commercialization challenges. The program includes market access events, enabling startups to showcase their progress and connect with potential investors and partners. It culminates in a demo day where startups will present their achievements and innovations.
From 200 applicants, 23 startups have been selected for the first cohort based on their innovative ideas, commercialization potential, and market impact. These startups span a range of sectors, including sustainability, mobility, healthcare, fintech, and agriculture. The selected companies include Declutter Solutions, ASMI Innovations, Bharat Plastipay, The Hydrogen Ecosystem, Abe Bikes, SmartKosh, Glassmart, Win Health, RhythmX, Cardiac Rehab, Transcript Life Sciences, NeoSurgix, Token-Disc, Blocks, Robic Rufarm, Bhaumya, Taejoon, Zentrix, Achintya Products, Farm Nutra / Bliss Body, Rapturous Mind, Emiant, and Uhenergy Teratech Solutions.
Mahankali Srinivas Rao (MSR), CEO of T-Hub, said, “The Lab2Market program is crafted to accelerate innovation across various sectors, such as sustainability, mobility, healthcare, and nutraceuticals. We aim to drive growth for these startups by helping them refine their business models, achieve commercialization, and expand their market reach, both domestically and globally. This program will catalyze their transformation into key market players.”
Rajesh Adla, CEO of AIC T-Hub, highlighted the distinctiveness of the program, stating, “Lab2Market stands out by addressing the unique challenges faced by researchers and early-stage startups. Our tailored support for MVP development and commercialization offers an unparalleled combination of resources and expertise, setting it apart from traditional startup accelerators.”
Looking ahead, AIC T-Hub envisions expanding the program by launching more cohorts and covering additional sectors. Collaborations with other state incubators are also in the pipeline to broaden the program’s impact across India. With its extensive support system, Lab2Market is set to foster groundbreaking innovations and contribute significantly to the development of a sustainable and dynamic startup ecosystem.
