Startups in Telangana are catching pace. Telangana’s startup ecosystem builder T-Hub and Korea SMEs and Startups Agency (KOSME), an initiative of the Ministry of SMEs and Startup of South Korea, on Tuesday made an announcement regarding shortlisting of 10 early-stage South Korean startups for the Startup Accelerator 2020 market access programme. The startups will benefit from new business opportunities, market understanding, access to customers and a deeper understanding of the Indian market. The partnership will create ample opportunities for startups to scale up in the Indian market.
Telangana startup T-Hub will execute the acceleration programme online in view of the pandemic, and the startups will undergo extensive training for two months. Startups accepted in the programme will also receive guidance from T-Hub via a rich curriculum of activities, specifically designed to help the startups explore business opportunities in the Indian market. T-Hub CEO and Telangana’s chief innovation officer Ravi Narayan said, “Startup Accelerator programme has been designed specifically for South Korean startups to help them establish a firm foothold in the Indian market. T-Hub will be acting as their partners to support and guide them.”
KOSME chief representative India Jung Hwan Moon, said, “T-Hub being the main driver of this programme, I strongly believe that this two-month of intensive training will help the startups to build a strong foundation for their business in India.” The shortlisted startups are One beauty Korea (dental implants), A-virtual, Honour Farm, LabSD, Letsfarm, Braincolla, Coconut Silo, L’air Pur Co., Ltd, TAGHIVE Inc and Korean Aviation Lights.