Sep 9, 2022
SucSEED Indovation to mentor, aid deep tech start-ups at T-Hub
T-Hub start-ups will stand a chance to raise funds from the SucSEED Indovation Fund
T-Hub, which leads India’s innovation ecosystem, 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 encourage innovation, increase funding, and assess investment options for DeepTech startups in India. Both organizations formalized their alliance by signing a Memorandum of Understanding (MoU).
The two entities will collaborate to mentor, promote, incubate, and help deep tech startups by holding masterclasses and workshops, a statement said.
MSR (Mahankali Srinivas Rao), CEO of T-Hub, said, “The Indian deep-tech ecosystem has matured significantly in recent years. Through innovation, these startups have transformed various industries from manufacturing to healthcare. However, to keep up the momentum, these startups require funds and strong mentorship, and together with SucSEED, we will unlock scaling opportunities for them. T-Hub, through these partnerships, envisions making the connection and fundraising easy for startups and investors.”
Vikrant Varshney, Co-Founder and Managing Partner of SucSEED Indovation Fund, said, “SucSEED has been quoted in Top20 Most Active Investors for Indian Startups In H1 2022 across VC & PE Landscape. We are very active to support & fund early-stage Deeptech startups, and most of them get discovered through our partnerships with Tech incubators across India. SucSEED has been committed to collaborating with strong partners like T-Hub, who provide an ecosystem for startups and help passionate entrepreneurs build innovative solutions. We’ve worked regularly with the Telangana ecosystem and T-Hub in the last 5+ years, and we are happy to formalise our engagement through this MOU and scale our efforts further by investing in emerging startups that have the potential to become legendary enterprises of tomorrow.”
Depending on company performance, T-Hub startups will stand a chance to raise funds from the SucSEED Indovation Fund and join its illustrious portfolio list. In addition, these portfolio startups will be given access to scale with the help of credible VCs and family offices, increasing their investment opportunities.
ABOUT T-HUB
T-Hub (Technology Hub) is an innovation hub and ecosystem enabler. Based out of Hyderabad, India, T-Hub leads India’s pioneering innovation ecosystem and is the world’s largest innovation campus. Over the six years, T-Hub has pivoted around the 6Ms (Mentorship, Money, Market Access, Motivation, Mindset, Manpower) and 2Ps (Partnerships & Policy advisory) framework with a mission of driving results and collaboration for entrepreneurs’ success. It has delivered 100+ innovation programs so far, creating an impact for startups, corporations, and other innovation ecosystem stakeholders. Since inception, it has provided over 2000 national and international startups with access to better technology, talent, mentors, customers, corporates, investors, and government agencies.
About SucSEED Indovation Fund
About SucSEED Indovation Fund — SucSEED Indovation Fund (SIF) is an AIF Cat-1 Venture Capital Angel Fund with a ₹100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. General Partners of the Indovation Fund have 100+ years of cumulative experience within technology, fund management, and startup ecosystem and have already invested in 60+ startups. SIF attempts to support Indian Innovation for mass needs in the following Six (6) sectors — EdTech, FinTech, Health-tech, Security & RegTech, Enterprise & MSME SaAS, and Digital Economy & Emerging Tech.
https://www.communicationstoday.co.in/sucseed-indovation-to-mentor-aid-deep-tech-start-ups-at-t-hub/
