Information Technology Minister K.T. Rama Rao has said that the T-Hub here was being further expanded to make it the world’s largest technology incubator.
Innovators walked in with an idea and walked out with a product at T-Hub though ideas generally got nipped in the bud, Mr. Rao said at an interactive session of India Economic Summit of World Economic Forum at New Delhi on Thursday.
He added that T-Hub provided aspiring entrepreneurs access to mentorship, investors, markets and governments. It gave start-ups an opportunity to dabble with the painstaking efforts that common man confronted and to come up with solutions.
Asked to comment on the Centre’s ‘Startup India’ initiative, Mr. Rao said the way forward for an initiative like that was to encourage children to innovate from a young age. Expose them to the pain of common man and ask them to come up with solutions. Just allocation of money was no answer.
Earlier, Mr. Rao met industry and business leaders, notably Godrej group chairman Adi Godrej, Infosys executive vice-chairman Kris Gopalakrishnan, chairman and CEO of ReNew Power Sumant Sinha and LuLu group international chairman Yusuff Ali M.A.