CII To Setup National Centre For Innovation, Entrepreneurship

Confederation of Indian Industry(CII) organized a startup connect on Tuesday in Hyderabad and announced its project of setting up a national Centre for Innovation, Entrepreneurship, and Startups in Hyderabad.

Setting up such centers will provide a boost to startups and innovations. It is a partnership project Telangana Government, CII and former Infosys co-founder Kris Gopalakrishnan’s trust Pratiksha.

The work will start from April and T-Hub will start operating from July onwards after its completion. The Infosys co-founder, Axilor Ventures, said, "The center will support startups in all aspects, especially connect them with CII members which are some larger companies in the country."

The startups will benefit in the form of getting wider access to consumers and a much larger market, along with mentorship and investment support.

“We are looking forward to providing a launchpad for overseas startups. We will be able to provide our startups access to the overseas market,” Axilor told the media later.