Hyderabad: T-Hub, a technological incubator started by the Telangana government, today said it has signed an MoU with Tel Aviv University’s entrepreneurship centre StarTau for launching an accelerator program for agritech startups.
According to an official release from T-Hub, an accelerator program will be launched in India and Israel and it will be a part of T-Hub’s T-Challenge program charter which will focus on agritech for facilitating the growth of startups in this sector. The program will start in October 2016.
“The Israeli innovation corridor for T-Hub is an extremely important one, given the opportunity India has to innovate over the next few years and Israel’s offering.
“T-Hub is paving the way to lead this effort in healthtech , agritech and data sciences through T- Hub’s cluster-focused innovation park and its curated programs,” T-Hub CEO Jay Krishnan said.
“We are excited about this partnership and are looking forward to seeing Indian and Israeli entrepreneurs push the innovation envelope and co-create new market opportunities while transforming India’s landscape.
“The recent agreement with ICRISAT will act as the first illustrative program for this initiative to go live through digital interventions in the AgTech space,” Krishnan added.
The MoU was signed at the TAU Innovation Conference, where T-Hub CEO represented the Indian startup ecosystem.
T-Hub aims to give five Indian innovators the chance to explore the startup ecosystem of Tel Aviv, which is a hotbed for startups.
The recent partnership between T-Hub and The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) will see the organisations welcome five entrepreneurs from Israel, giving them the opportunity to explore the startup ecosystem being built in Hyderabad, it further said.
T-Hub is also initiating HealthTech programs by partnering with Tel Aviv University. Through its T-Source program, T-Hub will scout and invite premier HealthTech startups from Israel to be part of its pre-acceleration programs which will become a feeder for T-Hub’s flagship accelerator focusing on HealthTech, the release added.