Hyderabad, 10th September 2024: T-Hub, India’s leading startup incubator has today announced the launch of AIC T-Hub Lab2Market program, a new initiative designed to transform groundbreaking research into market-ready innovations. The program offers a unique pathway for researchers and innovators to translate their ideas into commercial successes by focusing on two key objectives: developing Minimum Viable Products (MVPs) and converting them into scalable startups.
Startups participating in the Lab2Market program will receive comprehensive, tailored support. This includes interactive group learning sessions focused on product development, market strategies, and business model refinement. Each startup will benefit from personalized mentoring by industry experts, offering strategic guidance and addressing specific commercialization challenges. The program also features market access events where startups can showcase their advancements and connect with potential investors and partners. Additionally, participants will receive hands-on assistance to navigate commercialization hurdles, culminating in a final demo day to highlight and celebrate their achievements.
Out of 200 applicants, 23 startups have been chosen for the first cohort of the program. These startups were selected based on their innovative solutions, well-defined commercialization pathways, and potential for significant market impact. The cohort represents a diverse range of sectors, including sustainability, mobility, healthcare, fintech, agriculture, and more. Selected startups include Declutter Solutions, ASMI Innovations, Bharat Plastipay, The Hydrogen Ecosystem, Abe Bikes, SmartKosh, Glassmart, Win Health, RhythmX, Cardiac Rehab, Transcript Life Sciences, NeoSurgix, Token-Disc, Blocks, Robic Rufarm, Bhaumya, Taejoon, Zentrix, Achintya Products, Farm Nutra / Bliss Body, Rapturous Mind, Emiant and Uhenergy Teratech Solutions.
Mahankali Srinivas Rao (MSR), CEO of T-Hub, said, “The Lab2Market program is designed to accelerate innovation across a variety of sectors, including sustainability, mobility, healthcare, nutraceuticals, and more. By supporting startups from diverse fields, we aim to drive significant growth for participants—helping them achieve commercialization, refine business models, and expand their market presence both domestically and internationally. This program will help startups catalyze transformation and evolve into established market players.”
Rajesh Adla, CEO of AIC T-Hub, emphasized the program’s uniqueness, “Lab2Market sets itself apart by addressing both the early-stage commercialization needs of researchers and the challenges faced by startups in scaling their products. Unlike traditional startup acceleration programs, Lab2Market provides tailored support for developing MVPs and overcoming commercialization hurdles, offering a unique combination of resources and expertise.”
Furthermore, AIC T-Hub also envisions future expansions of the program, incorporating more cohorts and sectors, and potentially collaborating with other state incubators across the country to ensure a wider reach. Through its comprehensive support system, Lab2Market is poised to play a critical role in building a sustainable ecosystem that fosters groundbreaking innovations and contributes to broader industry advancements.
