DECEMBER 20204Hyderabad, the city of Nizams has a lot more to offer other than the usual biryanis, pearls and Charminar. The affable city has gained national and international repute as a coveted destination for young startups and rightly so. Startup Genome and the Global Entrepreneurship Network's 2020 Global Startup Ecosystem Report (GSER) names Telangana among the top 30 Global Ecosystems for Affordable Talent in 2020. Needless to say, Hyderabad has been the flag bearer when it comes to fostering innovation and enterprise in the state. In fact, the city was one among the Top 100 Emerging Ecosystems Ranking in 2020 and Startup Genome that evaluated about 300 ecosystems globally.Factors such as availability of abundant tech talent, working spaces at low costs, amiable climate, cosmopolitan culture, economical living, apt infrastructure and new recreation options, have helped Hyderabad has become the land of opportunity for young entrepreneurs.The city also houses global tech giants such as Google, Microsoft, Facebook, Deloitte and Amazon, which has helped the city's tech community to successfully tap underserved domains such as deep tech and utilize it to their advantage. Due to big companies selecting Hyderabad to set up their campuses in, the city's ecosystem provides a good deal flow for investors along with a chance to interact with more offbeat and innovative start-ups, ensuring a profitable market for funders, investors and startups alike. According to reports Hyderabad is home to over 4000 active startups. Leveraging its strengths in domains such as life sciences, AI, big data and analytics, Telangana as a state has created $759 million in ecosystem value with $65 million in total early-stage funding over the last 2.5 years.Another significant factor behind Hyderabad's rise as a startup hub has been the state government's push towards fostering an incubation hub. In 2015, the government had launched T-Hub, an initiative between the government of Telangana, the private sector and India's leading academic institutions. One of the biggest incubators in the country, T-Hub is spread over 70,000 sq ft and currently houses over 200 startups. Owing to its unique PPP model it has been key in terms of motivating entrepreneurs to bring their vision to life. Additionally, the city has over 35 incubators across various verticals such as ICRISAT, CCMB, IIIT to name a few. The mentoring and guidance rendered by these incubators has helped catapult Hyderabad into becoming one of the strongest upcoming cities for start-ups. But, more than anything it is the zeal and vigor palpable across the city that makes it a coveted spot for enterprising entrepreneurs. So, the next time you think of Hyderabad, move beyond the biryani and think of it as the next biggest startup destination. Do let us know your thoughts. Rachita SharmaSpecial EditorMuch more is cooking in Hyderabad other than BiryanisEDITOR'S NOTE Vol 7 · Issue 6 - 4 · December 18, 2020 Publisher Alok Chaturvedi Special Editor Rachita Sharma Editorial Team Aparna Roy Biplab Chakravarty Monica Pallavi J Riya Sethi Sales & Marketing Felish Rita Tapas Mallick Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualisers Dennis Bennito GM Sales & Marketing Virupakshi Pattarsiliconindia
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