T-Hub’s cohort-based incubation program Lab32™, today announced that it has selected 70 startups from the hundreds of applications received for its first cohort this year.
Starts in May for the next six months, Lab32™ is a six months program to ensure the strategic growth of startups. The admission applications for startups will next open in October 2018. Startups who did not get shortlisted this time can re-apply again in October cohort.
The program aims to support the government’s ‘Startup India Initiative’ by directing entrepreneurship, innovation and addressing the challenges faced by startups.
Srinivas Kollipara, COO of T-Hub said ‘T-Hub has been mentoring over 300 startups directly within the hub and another 200 at least through our other programs. Lab32™ program is designed to help our startups to scale in such a way that they get new customers and earn more revenue, we figure out the right business model for them and help them go-global.
The program this year received hundreds of applications, and we chose 75 startups. We are very excited about their innovative ideas, and we hope that all of them are going to become successful businesses.
The six month-admission program will comprise two functional pillars:
- Playbook – A tool developed in-house by T-Hub’s technology team, which will track growth and support in the robust scaling of the startups in the market.
- Startup Buddy – A dedicated mentor for each startup, every day. The startup buddy assigned to each startup will be either an experienced investor, venture capitalist or a C-level startup leader.