Telangana State Innovation Cell (TSIC) along with T-Incubators and other Enablers startup initiative called Rejig.HydStartups has selected 100 startups for its large-scale mentoring program. The initiative received more than 300 applications from diverse sectors and different levels. The program was initiated to support startups in reimagining and repositioning their business model post-pandemic successfully and looking forward to impacting startups from the domains including life sciences, fintech, manufacturing, agriculture, FMCG, emerging technology.
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A webinar involving ecosystem catalysts recently was organized to understand the impact of the pandemic on the startups. Reflecting upon the inclusive approach taken by T-Incubators and Enablers, Telangana principal secretary Jayesh Ranjan said, “I am happy to say that Hyderabad today will be standing out for its — City as a Whole Approach — through a this most important initiative Rejig.HydStartups to support the startups in the coming weeks to become resilient post-pandemic.” The webinar also saw a panel discussion involving Ravi Narayan, CEO of T-Hub & CIO of TSIC, Sridhar Pinnapureddy, Founder Chairman of CtrlS Datacenters, currently the President of TIE Hyderabad, Sateesh Andra, MD Endiya Partners, is an established VC and investor.
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Rejig.HydStartups spread out in three-weeks of mentoring to help startups connect with investors or gain corporate market access, will see a three-pronged approach— understanding the concerns of the startup with completion of leg work assigned by the mentor, understanding the change of strategy, and a revised pitch. The program will culminate in a massive pitch day event where the startups will be pitching for equity funding, collateral-free debt funding, or corporate market access.