Incubator startup T-Hub proclaimed of starting a funding program by the name T-Angel. Through this the company intends to raise some good amount of capital for startups. It is basically a joint venture set in motion by the Telangana state government, T-Hub and online investment platform LetsVenture.

This three months investment acceleration programme is a first initiative taken by T-Hub that entirely focusses on funding. It plans to shortlist all the major startups from different sectors like healthcare, entertainment, real estates, sports, education and finance. Ravi Narayan, T-Hub chief executive officer stated that the first batch to choose startups will actuate on 20 October. “We are open for receiving applications from today itself," he said during the launch.

He perceived that Hyderabad falls behind in terms of angel funding for startups when compared to cities like Bangalore and New Delhi. But the commencement of this programme will accelerate such growth in Telangana as start-ups will undergo a lot of training and will receive acute mentoring which gradually will give them a strong idiosyncrasy and attract good funding.

Shanti Mohan, founder and CEO, LetsVenture Technologies Pvt. Ltd, showed his believe and certainty in this partnership. To which she adds, “We get a lot of requests (for tie-ups), but we don’t typically engage as we want to make sure of the quality." The company is associated with 6,500 investors from 50 countries.

Founders of LetsVenture, Sanjay Jha and Mohan have already taken significant step to leverage their existing network of angel investors and industry experts by launching Letsgrow last year. Their motive was to confer early-age statups with its new programme.

“Hyderabad was about 10 years behind, in comparison with Bengaluru, but we have caught up a lot since T-Hub was set up. We are looking to bring in more investors now with T-Angel," states Narayan.
In a presentation, Narayan showed that only 70 angel investors have come to Telangana over the last three years. “We are looking to improve startups," confirms he.

Principal Secretary (IT), Telangana, Jayesh Ranjan stated that the decision of launching T-Angel was taken because there was “receiving mechanism" in the state now (referring to T-Hub). “Many can question why we did not launch these three years ago. But you need a receiving mechanism before you deliver something like this," he added.
Apart from T-Angel, T-Hub, which started in December 2015, has worked with 1,443 start-ups through mentorship, connects, and other programs. So far, 457 startups have been incubated, and startups from the first cohort of Lab32 (an incubation programme for early-stage tech product startups) have created over 2,000 jobs and raised over ₹112 crore in total.

The incubator had begun its journey as a co-working space, after which it launched numerous programmes for start-ups. It has also tried its hands on the corporate innovation division (CID) to bring statups and large companies in close proximity. It has raised $64 million funding through about 16 corporate partnerships.