India | 5th October 2020: T-Hub, which leads India’s pioneering innovation ecosystem, today announced the launch of the fourth batch of its flagship program, Lab32. The startups will receive goal-oriented consultation from leading experts on product design and market expansion.
T-Hub has designed the program such that the startups will not be required to be physically present and make the best use of various benefits of Lab32 through active interventions. The batch of startups are from cities such as Hyderabad, Bengaluru, and Kolkata. The selected startups offer innovative solutions in key industries, such as Healthcare, Food Technology, HR and enterprise SaaS solutions, among others.
Steps to the program:
- The primary focus of the program will be to validate the business objectives of the startups through gap analysis and goal setting.
- The startups will undergo rigorous training and consultation sessions by professional trainers, advisors, and subject matter experts, based on the track they choose. The two tracks are product track and marketing track.
- All the startups will closely work with professional consultants who will help them define and develop their product or marketing strategies.
- The program will conclude with an assessment of the progress made by the startups in the respective tracks.
Ravi Narayan, CEO of T-Hub and Chief Innovation Officer of Telangana, said, “The fourth batch of Lab32 has around 50% of the startups in the early and mid-growth, that have not just managed the challenges that the pandemic introduced into their markets, but are ready to thrive. We have a good mix of local and outstation startups from industries such as healthcare, foodtech, Enterprise SaaS, among others. There are some exceptional minds behind each startup’s team who have the potential to tap into the rapidly evolving opportunities in the digital economy in India. Numerous startups have scaled up rapidly through the previous three batches. The fourth batch of Lab32 brings in digital enablement and the hybrid mode of program delivery, which we believe will benefit the startups better than ever before.”
The startups were selected based on the following criteria:
- Stage of development of technology product—prototype or completed
- Stage of customer validation or market acquisition
Additionally, Lab32 will be offering the startups various opportunities for collaboration and relationship building with relevant alumni startups and startups that are already part of the T-Hub community. Regular interventions such as focused group roundtables and peer networking sessions will enhance the relationships of startups to help plan their reach for prospect target audience. A few of the shortlisted startups are Diagnocare, Talentrackr, Oqupi Health Tech, Crossforge Solutions, Vividminds Technologies Private Limited, Shri Shakti Opstech Private Limited, among others.
Forty startups from the third batch graduated in July. T-Hub’s community membership program, including community events, access to mentors, peer learning and networking are ongoing. Some of the startups that graduated from the batch are Unschool, Awiros, Hyreo, Ideanz, Healthkon, among others.
