- The partnership aims to provide innovation and venture capital investment opportunities to DeepTech startups in India with access to capital, mentorship and advice.
- T-Hub startups will have the opportunity to be part of the SucSEED portfolio to increase networking opportunities with venture capitalists (VCs) and family offices.
T-Hub, which leads India’s innovation ecosystem, today announced its partnership with SucSEED Indovation, the SEBI-registered alternative investment fund (AIF-1) Venture Capital Angel Fund. Through this collaboration, T-Hub and SucSEED Indovation intend to foster innovation, increase funding and evaluate investment options for DeepTech startups in India. The two organizations formalized their alliance by signing a Memorandum of Understanding (MoU).
Using their combined knowledge of the startup ecosystem, T-Hub and SucSEED will work together to mentor, promote, incubate, and help grow DeepTech startups by hosting masterclasses and other knowledge exchange workshops. This will allow T-Hub startups to benefit from mentorship in venture capital investment, transaction management and risk management. SucSEED Indovation will also be present in the new facilities of T-Hub, the largest innovation campus in the world, as part of its year-long commitment, creating important synergies between SucSEED Indovation and T-Hub stakeholders. .
MSR (Mahankali Srinivas Rao), CEO of T-Hub, said: “India’s cutting-edge technology ecosystem has evolved significantly in recent years. Through innovation, these startups have transformed various industries, from manufacturing to healthcare. However, to maintain momentum, these startups need funding and strong mentorship, and with SucSEED, we will unlock scaling opportunities for them. T-Hub, through these partnerships, plans to make it easier for startups and investors to connect and raise funds.
Vikrant Varshneyco-founder and managing partner of SucSEED Indovation Fund, said, “SucSEED was cited in the Top20 most active investors for Indian startups in the first half of 2022 in the VC & PE landscape. We are very active in supporting and financing early-stage Deeptech startups, and most of them are discoveries through our partnerships with tech incubators across India. SucSEED is committed to working with strong partners like T-Hub who provide an ecosystem for startups and help passionate entrepreneurs create innovative solutions. We have worked steadily with the Telangana and T-Hub ecosystem over the past 5 years, and we are pleased to formalize our commitment through this MOU and scale up our efforts by investing in emerging startups that have the potential to become legendary companies of tomorrow.”
Depending on the company’s performance, T-Hub startups will have a chance to raise funds from the SucSEED Indovation Fund and join its illustrious portfolio. Additionally, these portfolio startups will gain access to scale with the help of credible VCs and family offices, increasing their investment opportunities.
T-Hub’s programs have successfully developed startups in partnership with a strong ecosystem of partners. T-Hub has reached over 2,000 businesses to date through a variety of programs and initiatives. Additionally, it has over 600 international and domestic business partners and 2000 mentor connections to support startup scaling. T-Hub will continue to foster collaboration between startups and leading innovation ecosystems around the world.
T-Hub (Technology Hub) is an innovation hub and ecosystem facilitator. Based in Hyderabad, India, T-Hub leads India’s pioneering innovation ecosystem and is the largest innovation campus in the world. Over the six years, T-Hub has been built around the 6M (mentorship, money, market access, motivation, mindset, workforce) and 2P (partnerships and policy advice) frameworks with for mission to generate results and collaborate for the success of entrepreneurs. He has delivered over 100 innovation programs to date, creating impact for startups, enterprises and other players in the innovation ecosystem. Since its inception, it has provided over 2000 national and international startups with access to better technology, talent, mentors, customers, businesses, investors and government agencies.