Secretary-Information & Communications Technology (ITC) of Telangana Jayesh Ranjan spoke to Entrepreneur India last month on the occasion of Entrepreneur India Summit 2016 and spoke about the growing competition between Bangalore and Hyderabad in becoming the ultimate startup epicentre.
Bangalore versus Hyderabad
On being questioned about what his state offers enterprises, Ranjan said, “Telangana is the newest state in the country and we take a lot of pride in calling ourselves the startup state.
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Ranjan further went on to say that even though Bangalore will retain its edge over other states, he is confident of the fact that with all the above mentioned efforts coming into place, Hyderabad will very soon become the go to destination for startups.
How does the state plan to bring smaller companies onboard
Ranjan said that the state is already providing all kinds of support in the form of high-quality infrastructure. He further clarified that space at the T-Hub incubation centre is provided at almost free of cost to smaller startups. “One very important facility that we provide startups is that we have taken a very bold decision that if the product or service which the startup offers is of relevance to the government, we are ready to become their first customer.
Typically if you want to run through government procurement, it turns out to be a very lengthy process in which startups and small companies stand a very low chance of qualifying. Startups, being early stage companies, have little track record to show
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Plan T – Here’s How India’s Newest State Plans to Nurture the Startup Ecosystem. (2018, Jul 18). Retrieved from https://phdessay.com/plan-t-heres-how-indias-newest-state-plans-to-nurture-the-startup-ecosystem/