T-Hub will conduct a pre-program assessment to understand their business model, identify key gaps, and goals to be achieved through the program.
T-Hub, which leads India’s pioneering innovation ecosystem, announced the onboarding of 22 diverse startups for the sixth edition of its flagship pre-acceleration program, Lab32 with. This time T-Hub has opened doors for international startups to be part of this program along with the Indian startups to provide a global outlook to the existing batch.
The pre-acceleration program will run until November 2021, and it will continue with its hybrid model, launched last year owing to the pandemic. It comprises demand driven startups that will solve challenges from emerging industries such as Mobility, Electric Vehicles, Edtech, IoT, Healthtech, Legaltech, Enterprise Tech, Artificial Intelligence, Machine Learning, and others.
Ravi Narayan, CEO of T-Hub said, “T-Hub’s flagship program Lab32 has been rapidly evolving to cater to the changing market conditions and startup dynamics. Our sixth batch this time has a mix of local and international startups and mentors, enabling entrepreneurs to explore new ideas and technologies and understand the global market needs. This global approach is a significant way for us to support startups from across the world who are using technology to solve challenges in the various sectors.”
More than 200 startups from across the globe applied for this batch, and the same were evaluated by the startup innovation team of T-Hub. The cohort is the result of a rigorous selection process that included an advisory of industry experts, mentors, and serial entrepreneurs. The startups were selected based on the technology component of the startup, the maturity of founders and the scalability of the business.
In the first month of the Lab32 program, T-Hub will conduct a pre-program assessment to understand their business model, identify key gaps, and goals to be achieved through the program. Post this each startup will be put through workshops, consultant matching with industry experts based on company need and stage, access to discounted services and resources, access to sales channels and make them growth ready. Additionally, this batch will have the opportunity to receive guidance from global mentors to help them prepare and cater to international markets. Startups will have unparalleled opportunities and access to network with the leading corporates, investors, national and international government bodies who are part of T-Hub’s robust innovation ecosystem.
Additionally, Lab32 will be offering the startups various opportunities for collaboration and relationship building with relevant Alumni startups, EIR (Entrepreneur in Residence) and startups that are part of T-Hub’s Community Membership as well as with Peers. The startups will continue to receive support after the cohort by being made part of the community program which offers access to events, deals and tailored introductions. The shortlisted startups are Hala Mobility, ENMAZ Engineering Services Pvt. Ltd, Stackazam.com, Movilti, EMusk Systems (Prop Yaar), Razen Customs, University 2 Go, TherHappi, Glorio Technologies, Gravton Motors, Taught, Tride Mobility, Pi R Square, Hirex, Socly Solutions Private Limited, Seven Robotics, Price Ur Plastic, Karmasthal, Earthbox Ventures, Voidpeak Games, Rikarica and Eat Confetti.
Thirty startups from the fifth batch graduated in July 2021 and attracted interest from investors and corporates post program completion.
Quotes from current batch:
Parshuram Paka, Founder & CEO of Gravton Motors said, “The support system that the team at the Lab32 program has built is unparalleled, the peer support and mentors’ will help us think strategically and build a stronger foundation for our business. We are hoping to gain as much information as we can from the program and forge valuable connections in the startup ecosystem.”
Rithika Reddy Borra, Co-Founder and Partner of Uni2Go said, “Lab32 program provides a massive amount of networking opportunities and mentorship for emerging startups like us, which is very crucial to design and grow our business to scale. It’s exciting to officially join this program and we look forward to establishing deep relationships with industry experts and other startup ecosystem stakeholders.”
Source: Business World