The Confederation of Indian Industries (CII) has announced that a national Centre for Innovation, Entrepreneurship, and Startups, would be established in Hyderabad. It would be set up through a collaboration between the Telangana Government, the CII, and Pratiksha, a charitable trust founded by Kris Gopalakrishnan, the former co-founder of Infosys and chairman of the CII national start-up council.
While it will cater to the entire country, Telengana will be its primary focus, in its efforts to nurture and promote the development of the state’s startup ecosystem.
Mr Gopalakrishnan announced the centre would be formally inaugurated in April, in the T-Hub facility, saying, “The centre will give an opportunity for startups from any field to get any kind of support – mentorship, funding, and go-to-market strategy. The centre is open to startups from across India with a special emphasis on Telangana. While technology-driven startups are growing in the country, the centre will be open to any kind of startup as CII has diverse member base.”
The centre also aims to support startups and ventures by young entrepreneurs through resources, as well as guidance and mentorship from industry veterans. It will also invite innovative startups to collaborate with established corporate businesses for many similar initiatives.