Lab32, T-Hub’s incubation program announces its closure of second batch of start-ups.
12th, December 2019 - News
T-Hub on Thursday announced the closure of the second batch of the startups for its incubation program, Lab32. The startups secured the opportunity to connect and evaluate collaboration opportunities with leading corporates like HSBC, Intel, NPCI, Capgemini, AT&T and investors like Marwari Angels, LetsVenture, Parampara Capital and others.
The six-month incubation program assisted the startups with their go-to-market plans by generating revenue opportunities, building scalable business models, and strengthening their sales and pitch strategies. Additionally, the startups got access to tailored workshops and one-on-one interactions with T-Hub’s dedicated pool of 40 mentors bringing in-depth experience in business, investment, and entrepreneurship.
Ravi Narayan, CEO of T-Hub, said in a statement, “It was inspiring to witness the startups build, grow and scale up their businesses within a short period through the program. Additionally, Lab32 has, so far, enabled startups to raise nearly Rs 600 crore.”
On this occasion, T-Hub also launched the Alumni Program, focused on fostering a culture of innovation and a long-term association with startups from all its past programs for corporate innovation, incubation, acceleration, market access, investor connects, etc. The TakeOff, an exclusive event for interested Lab32 startups to pitch to a selected audience of corporates and investors was also organized.
The startups were handpicked from over 500 applications received from across the world and were selected based on the quality of their technology solutions, product readiness and growth potential. Some of the graduating startups are Param.ai, StaTwig, Cantilever Labs and Augmented Byte. The third batch of Lab32 will commence in January 2020.
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