Telangana | 25th November 2020: WE HUB, India’s first and only state-led incubator by the Government of Telangana to foster and promote women entrepreneurship to start-up, scale-up and accelerate with global market access, had a chance to showcase their interventions to Jayesh Ranjan, IAS, Principal Secretary (ITE &C). The tech startups and the entrepreneurs were guided on the receiving government’s assistance during their transitioning process from a startup to an SME.
WE HUB’s 26 startups which are part of the second cohort of incubation are from across 15 cities in India. In the past 5 months of virtual incubation, start-ups have seen progress through various interventions along with raising funds in this adverse situation. 13 Hyderabad based tech startups out of 26 incubated startups were part of an interaction session arranged at WE HUB with Jayesh Ranjan, IAS, Principal Secretary (ITE &C) who is also in the Board of WE HUB. The startups had an opportunity to showcase their products which included innovative solutions for health tech, Infratech, life sciences, pharma, logistics, and FMCG sectors.
Names of the startups:
- Future step
- Dusk Miller
- Bolt Coffee
- Forward Parcel
- Startoon Labs
- Macromoney Research
The start-ups were encouraged to take numerous benefits of being incubated at a government led incubator like WE Hub and were guided on
- Support mechanisms for manufacturing benefits from government to convert startups to SME
- Preferential procurement access for services and products of homegrown startups, relevant to the government without going through the cumbersome procurement policy of bidding and tenders.
- Access to government mentorship and support by government officials
- Telangana based startups to receive early stage funding support.
“With the goal of promoting innovation and entrepreneurship for women, the State government has established WE HUB. We are proud to see the progress the institution has it has made and very happy to meet the diverse batch of start-ups at WE HUB. Start-ups need to leverage the make use of the infrastructure, government policy, mentorship support and international opportunities WE Hub is leveraging through its strong network of collaborations with premier entities across Telangana and around the world’’ Mr. Jayesh Ranjan, IAS, Principal Secretary (ITE &C), Government of Telangana.
Deepthi Ravula, CEO, WE HUB, said, “We are happy to continue our flagship incubation program virtually even during these critical times. As we start moving to a blended module, we wanted to showcase the prototypes of our startups and highlight the many ways WE Hub enables growth of startups through government ecosystems and policies’’
Additionally, the entrepreneurs were educated and encouraged to liaison the innovation ecosystem and Government policies through WE HUB for additional support on their growth journey.