T-Hub & Pharmaceutical Major Develop Programs Benefitting Healthtech Startups
T-Hub, India’s fastest growing startup engine, catalysing innovation, scale and deal flow has signed a Memorandum of Understanding (MoU) with pharmaceutical major Novartis Healthcare Private Ltd (NHPL) to create and execute joint programs that would benefit healthtech startups from across segments.
Being leaders in healthcare, Novartis will be working together with T-Hub to develop plans and programs that will help health tech, health care and pharmaceutical startups to scale and grow. As a part of the initiatives health, research and development experts from Novartis will mentor and guide startups, in compliance with T-Hub’s mentorship framework and evaluation process, in their respective ventures.
The MoU will help foster a close relationship in these areas while contributing towards the building of a thriving ecosystem in Hyderabad. Headquartered in Basel, Switzerland, Novartis has a significant footprint in India with a strong base in Hyderabad through its Global Drug Development and Business Services Center.
Speaking about the partnership, Jay Krishnan, CEO, T-Hub said, “We are very excited to collaborate with Novartis, a world class leader in healthcare. Novartis will bring great value to the ecosystem and healthtech startups will be greatly benefited. With healthtech being one of our prime sectors, we are working towards ensuring that startups associated with T-Hub are well mentored and guided through various programs of ours, which will help them scale their business faster.”
Subodh Deshmukh, Global Drug Development India head, Novartis, said “As a global leader in biomedical innovation, we are excited about this potential partnership with T-Hub and its allied startups driving innovation in the healthcare space.”
T-Hub is India's fastest-growing start up engine catalyzing innovation, scale and deal flow.
T-Hub is a unique public/private partnership between the government of Telangana, three of India’s premier academic institutes - IIIT-H, ISB and NALSAR, and key private sector leaders. It stands at the intersection of the startup, academic, corporate, research and government sectors. It is the largest startup ecosystem in India today, with its own incubation center – commonly known as ‘The Catalyst’ building, spread over 70,000 sq. ft. of space and cutting edge infrastructure and further expanding.
Startups within T-Hub are clustered into various stages of growth across seven sectors of specialization – fintech; healthtech; agritech; smartcity; transportation and logistics; sustainability and social tech capturing big data; IoT; analytics; sensors; cloud and mobility. The T-Hub model enables investors and corporates to plan programs and capacity building initiatives in a targeted and organized manner. T-Hub has the largest corporate & investor connect programs and other mentorship programs that help startups, across various stages of growth, in capacity building to reach a level of scale.
Driven by technology and Innovation, this startup engine offers solutions to startups across verticals. Innovative and proprietary IPs like SandBox and PlayBook, none equal in the world, have been designed to help them move up the ladder quickly but efficiently too. T-Hub aims to make Hyderabad amongst the top 10 startup ecosystems in the world by 2020.